Latest News Wires Comcast set to buy Time Warner

The country's two largest cable companies will become one, an anonymous source familiar with the subject said Wednesday. An announcement is expected Thursday.

By , Associated Press

REUTERS/Mike Blake/Files

Comcast has agreed to buy Time Warner Cable for $45.2 billion in stock, or $158.82 per share, in a deal that would combine the top two cable TV companies in the nation.