Business

Cable giant Comcast offers $45b in stock deal for rival Time Warner Cable

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NEW YORK — Comcast will announce a deal to acquire Time Warner Cable in an all-stock deal worth more than $44 billion that would unite the biggest and second largest cable television operators in the country, according to people briefed on the matter.

The surprise merger — expected to be revealed on Thursday — would be the second major deal for Comcast in recent years to radically reshape the American media landscape. It would also likely end a protracted takeover battle that a smaller cable rival, Charter Communications, has been waging for Time Warner Cable.

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