News & Events

The Firm is representing J.P. Morgan Securities LLC in its role as financial advisor to Comcast Corporation (Nasdaq: CMCSA, CMCSK) in connection with Time Warner Cable Inc.’s (NYSE: TWC) definitive agreement to merge with Comcast for a total enterprise value, based on yesterday’s stock closing price, of approximately $67 billion, including the assumption of Time Warner Cable’s net debt. The agreement is a stock-for-stock transaction in which Comcast will acquire all of Time Warner Cable’s shares for shares of CMCSA. The companies announced that the merger agreement is subject to shareholder approval at both companies and regulatory review and other customary conditions and is expected to close by the end of 2014.
 
Comcast is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation's largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand and also provides these services to businesses. NBCUniversal operates 30 news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks and Resorts.  Time Warner Cable is among the largest providers of video, high-speed data and voice services in the United States, connecting 15 million customers to entertainment, information and each other.
 
The Simpson Thacher team includes Robert Spatt, Ariel Oxman and Allen Pan (Corporate).