The meeting that was held among Comcast and Time Warner shareholders, The investors gave the Comcast and Time Warner merger a green signal, however, it is still on hold by FCC. Company said that the 99 percent of the votes were in the favor of the merger while the other one was against it.
Company said, “Comcast Corporation (Nasdaq: CMCSA, CMCSK) announced today that, at its special meeting of shareholders held at The Kimmel Center for The Performing Arts in Philadelphia this morning, more than 99% of Comcast shareholders voting supported Comcast’s proposal to issue 2.875 shares of Comcast Class A common stock for every one share of Time Warner Cable (NYSE: TWC) common stock in connection with Comcast’s proposed merger with Time Warner Cable.
The merger between Comcast and Time Warner Cable is subject to various regulatory approvals and other customary conditions and also requires approval by Time Warner Cable shareholders, who are expected to vote on the merger tomorrow, October 9, 2014. Subject to satisfaction of these conditions, the merger is expected to close in early 2015.”