Time Warner Cable Approves Comcast Merger

Time Warner Cable's stockholders met on Wednesday to vote on the merger with America's #1 cable company, Comcast Corporation. The company stockholders approved the deal, with 99 percent of the votes giving a thumbs up. Time Warner originally agreed to merge with Comcast back in February 12.

Currently, both the U.S. Federal Communications Commission (FCC) and the Department of Justice are reviewing the merger. Just recently, the FCC put its review on hold so that additional responses and oppositions for the Comcast/Time Warner merger can be filed. The investigation is slated to resume on October 29. The FCC has set aside 180 days to examine the merger.

According to both Comcast and Time Warner, the merger is subject to regulatory approvals as well as the satisfaction of certain closing conditions. The deal is expected to close by the end of 2014.