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Time Warner Cable, Inc. ( TWC) was an American cable television company. Before it was acquired by Charter Communications on May 18, 2016, it was ranked the second largest cable company in the United States by revenue behind only Comcast, operating in 29 states. [1] Its corporate headquarters were located in the Time Warner Center in Midtown ...
Despite spinning off Time Inc. in 2014, the company retained the Time-Warner name from 1990, also becoming Time Warner in 2003, until 2018, when the company was renamed WarnerMedia after it was acquired by AT&T. On October 22, 2016, AT&T officially announced that they intended on acquiring Time Warner for $85.4 billion (or $108.7 billion when ...
By April 27, however, Charter had backed off its opposition to the deal after reaching a deal to acquire a portion of Time Warner Cable's subscribers as part of it. Under the deal, Comcast would acquire Time Warner Cable by exchanging each of Time Warner Cable's current 284.9 million shares for 2.875 shares of Comcast's CMCSA stock.
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