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Brian L. Roberts
Comcast shareholders approve Time Warner Cable purchase
Comcast shareholders approve Time Warner Cable purchase

Comcast Corp. shareholders have approved the cable giant's plan to acquire Time Warner Cable for $45.2 billion, a deal that would combine the nation's two largest cable companies. Shareholders voted 99% in favor of the plan, Comcast said on Wednesday. Approval was expected, and Time Warner Cable will hold a similar investor vote on Thursday. After shareholders give their approval, the deal still needs the go-ahead from U.S. government regulators who are trying to ensure that the combination of the two cable heavyweights would not harm competition and consumers. The Federal Communications Commission and the Justice Department are reviewing the proposed transaction. Consumer...

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