Comcast has bought Time Warner Cable, the nation’s largest cable provider, for an undisclosed sum, the Wall Street Journal reported.
The deal is subject to regulatory approval and will be completed before the end of the year, the newspaper said.
Comcast’s acquisition will allow the cable giant to control Time Warner’s network and its cable TV channels, including HBO, TNT, CNBC and CNN, the WSJ said.
The WSJ noted that the Comcast-Time Warner deal was disclosed by Comcast in a filing with the Securities and Exchange Commission on Wednesday.
Comcast is the nation and the world’s largest telecommunications provider, with 1.6 billion customers in 37 countries.
Comcast owns NBCUniversal, the network that airs shows such as “The Voice,” “The Simpsons” and “The Big Bang Theory.”
Comcast owns Tribune Media, which owns local TV stations in Los Angeles, San Francisco, Dallas, Austin, Houston and Philadelphia.
The company has struggled to get viewers to pay for its programming.
The cable giant has long faced a battle with rivals who charge higher prices and have fought the merger to block it.
Comcast has recently launched new offerings, including streaming TV service HBO Go and a new sports channel, Comcast SportsNet LA.
Comcast CEO Brian Roberts recently said the company would invest in “a whole new ecosystem” of new offerings in order to compete with Time Warner.