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By April 27, however, Charter had backed off its opposition to the deal after reaching a deal to acquire a portion of Time Warner Cable's subscribers as part of it. [5] Under the deal, Comcast would acquire Time Warner Cable by exchanging each of Time Warner Cable's current 284.9 million shares for 2.875 shares of Comcast's CMCSA stock. [6]
Time Warner Cable building entrance in Morrisville, North Carolina. Time Warner Cable, Inc. (TWC) was an American cable television company. Before it was acquired by Charter Communications on May 18, 2016, it was ranked the second largest cable company in the United States by revenue behind only Comcast, operating in 29 states. [1]
The case was first heard at the United States District Court for the District of Columbia in 2018. [12] In June of that year, Judge Richard J. Leon ruled in favor of AT&T, holding that the government had failed to provide evidence that the proposed takeover of Time Warner by AT&T would reduce competition. [11]
However, facing potential difficulties in reaching regulatory approval, Comcast called off its merger with Time Warner Cable in April 2015. [43] On May 26, 2015, Charter and Time Warner Cable announced that they had entered into a definitive agreement for Charter to merge with Time Warner Cable in a deal valued at $78.7 billion. [44]
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However, in 2012, it was rebranded as simply Time Warner Cable Internet, dropping the Road Runner branding that Time Warner Cable had to license from the now unaffiliated Warner Bros. [6] With Charter's acquisition of Time Warner Cable in May 2016, the service was rebranded as "Spectrum Internet" on September 20, 2016.
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The above are seven physical locations of the district courts, whereas actually there are eleven district courts headed by individual District Judges. The Tis Hazari complex, Rohini complex and Saket complex hosts two districts each while the Karkardooma complex hosts three districts and the remaining complexes host one district court each.