Time Warner Cable CEO 'Still Hopeful' to Get Comcast Deal Approvals by Year-End
Rob Marcus reiterates at the company's annual shareholder meeting that he sees the deal as "a dream combination" and calls it a "very special value-creation opportunity."
Time Warner Cable CEO Rob Marcus said Thursday that he was "still hopeful" that the company and Comcast would get the necessary regulatory approvals for their planned deal by year's end.
In February, Comcast unveiled a $45 billion deal to acquire Time Warner Cable.
Speaking at the TW Cable annual shareholder meeting, which was webcast, Marcus said Thursday that his team was "still hopeful that we can attain those approvals by year-end."
Discovery Communications CEO David Zaslav recently suggested that regulators may only decide on the deal during the first half of 2015.
While the companies work on getting the approvals, Marcus said TW Cable remains "laser-focused on running our business."
On Thursday, he also reiterated a past comment that the Comcast deal was "a dream combination." He also called it a "very special value-creation opportunity."
The acquisition by Comcast advances his two big priorities -- creating shareholder value and improving products and services for customers, Marcus told those at the annual meeting. The merged company will be "even more equipped to innovate," he argued, suggesting it would offer "even better video experiences," faster broadband and "more robust" video-on-demand content libraries.
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