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Comcast to buy Time Warner Cable for $45 billion

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LOS ANGELES — Comcast Corp. has agreed to buy Time Warner Cable Inc. for $45.2 billion in stock, or $158.82 per share, two people familiar with the matter said late Wednesday.

The deal will combine the nation’s top two cable TV companies and make Comcast, which also owns NBCUniversal, a dominant force in both creating and delivering entertainment to U.S. homes. The deal was approved by the boards of both companies and, pending regulatory approval, is expected to close by…

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