Netflix Inc. has agreed to pay for more-direct access to Comcast Corp.’s broadband network to improve speed and reliability for its video-streaming customers, according to three people familiar with the matter.
Charter Communications Inc., the U.S. cable company that lost out to Comcast Corp. in its bid to buy Time Warner Cable Inc., is “still interested in wisely acquiring subscribers,” Chief Executive Officer Tom Rutledge said.
A Time Warner Cable Inc. shareholder sued to block Comcast Corp.’s proposed $45.2 billion takeover, saying the merger of the two biggest U.S. cable TV companies faces high regulatory hurdles and was the result of unfair dealing.
Comcast Corp. agreed to acquire Time Warner Cable Inc. for $45.2 billion in stock, a surprise deal that combines the two largest U.S. cable companies and creates a bulwark against competition from phone and satellite providers.
Comcast Corp. is near a deal to buy New York City, North Carolina and New England cable assets from Charter Communications Inc. if shareholders approve Charter’s takeover bid for Time Warner Cable Inc., people with knowledge of the matter said.
Time Warner Cable Inc. beat fourth- quarter profit estimates and forecast subscriber growth, bolstering Chief Executive Officer Rob Marcus’s case against a $37.4 billion takeover bid from Charter Communications Inc.