Comcast, Time Warner Deal Will Impact Colorado

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(credit: CBS)

(credit: CBS)

DENVER (AP) — Comcast is headquartered in Pennsylvania, but Colorado is closely watching its bid to buy Time Warner Cable for more than $45 billion.

Colorado-based Liberty Media is the largest shareholder of Charter Communications, which had tried to acquire Time Warner. Friday, The Denver Post quoted analyst Matthew Harrigan of Wunderlich Securities as saying Charter may buy cable systems that regulators may ask Comcast to divest in order to buy Time Warner.

The Post added that Comcast employs more than 6,500 people in Colorado, and Time Warner operates a large call center in the state. The Post cited an email from Time Warner CEO Rob Marcus to his employees Thursday saying the “vast majority” would keep their jobs.

The deal is expected to close by year’s end, pending shareholder and regulatory approvals.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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