PHILADELPHIA — Moving swiftly to regain regulatory momentum for its proposed $45.2 billion acquisition of Time Warner Cable Inc., Comcast Corp. on Monday announced a complicated set of steps to divest 3.9 million of its cable-TV subscribers.
The divestiture, valued at $19.5 billion, is 900,000 more TV subscribers than Comcast originally agreed to shed to obtain regulatory approvals when it announced the giant deal for taking over Time Warner Cable in February.
The plan will provide rival Charter Communications Inc. with 1.4 million former Time Warner Cable customers.
In a remarkable move, a total of 2.5 million Comcast subscribers will go to a newly created and publicly traded cable-TV company. Charter would own 33 percent of the new company, named, for the time being, SpinCo.