Time Warner Cable Shareholders Approve Comcast Merger

Approval Follows Comcast Shareholder Nod
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In an event that shouldn’t be a surprise to anyone, Time Warner Cable shareholders approved the cable operator’s pending merger with Comcast in a special meeting in New York today.

According to TWC, more than 99% of votes were cast in favor of the deal, similar to Comcast’s shareholder vote on Oct. 8.

In a statement, Time Warner Cable chairman and CEO Rob Marcus called the vote “an important milestone as we work towards completing our merger.”

Comcast and Time Warner Cable announced their merger agreement in February, a deal which will create a 30-million subscriber behemoth with systems in New York, Los Angeles and most of the other major cities in between. The deal is currently being scrutinized by the U.S. Department of Justice and the Federal Communications Commission. Comcast and TWC hope to have the deal completed by early next year.