Comcast (CMCSA) is expected to pay $45 billion to buy Time Warner Cable (TWX) for $45.1 billion.
The deal could raise $10 billion for the company and its shareholders, according to Bloomberg.
Comcast’s acquisition of TWX could raise the value of Time Warner by up to $12 billion.
Comcast already owns Time Warner’s cable TV, digital video, and broadband networks, which include NBCUniversal and Warner Bros. The merger would create a company with more than 1.3 billion subscribers and about 500 million pay-TV customers.
It would also create a media conglomerate that includes Time Warner and CNN, according the Wall Street Journal.