Dallas, Texas 12/20/2013 (FINANCIALSTRENDS) – Comcast Corporation (NASDAQ:CMCSA) is an $132 billion market capped firm which is into provided communication and information services to its customers across U.S. Its operations consist of five wide ranging sectors which include “Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks”.
In the trade magazines it has been speculated that the mega capped cellular services, internet services, radio broadcasting services provider is considering a bid to buy out competitor, Time Warner Cable Inc (NYSE:TWC) which has a market cap of $38.22 billion. It is this backdrop that creates great interest around the news that emerged yesterday that Comcast Corporation (NASDAQ:CMCSA) CEO Brain Roberts met with the Chairman Tom Wheeler of Federal Communications Commission yesterday. This was disclosed by spokesperson of the firm yesterday.
But people in the know about yesterday’s meeting have roundly debunked the theory that the new chairman discussed the possibilities around corporate mergers when he met up with Comcast Corporation (NASDAQ:CMCSA) CEO. It is being said that these meetings were part of the larger consultations that the regulator has been engaged in with various industry players ever since he took over the role of chairman in November.
Readers should note that Comcast Corporation (NASDAQ:CMCSA) is evaluating three differing circumstances under which it can exert partial or full control on its troubled competitor Time Warner Cable Inc. One of the scenarios being envisioned is a complete 100 percent buyout of the country’s second largest cable operator by the first place Comcast Corporation (NASDAQ:CMCSA). If this does come to transpire, past experience of how the Federal Communication Commission would react does not leave too much to imagination. It is more than likely that the FCC in tandem with the U.S Justice department would be examining the deal very minutely before giving their go ahead.