Around four years ago Time Warner Cable (TWC) was feeling alone and unloved. It had been split off from its parent company in order for Time Warner to focus on its content businesses, and TWC on lower-growth cable television. Recently, however, TWC has lived every overlooked teen's dream and been lavished with attention. Charter, a rival cable firm, pursued it for around eight months. In recent days the drama had become more tense, with Charter proposing a slate of directors to replace TWC's board. Now another admirer has come forward. On February 13th, as we went to press, Comcast, America's largest cable firm, was expected to bid around $159 a share for TWC, in an all-stock deal worth around $45 billion.
展开▼
