Comcast Corp. will announce on Thursday morning that it has agreed to buy Time Warner Cable Inc. in an all stock deal worth $159 a share, or $45 billion, four sources familiar with the situation told Bloomberg.

The deal would combine the two largest cable companies in the U.S.

Comcast to Buy Time Warner Cable, Combining Two Largest U.S. Cable Companies

In this Thursday, Jan. 9, 2014, photo, a Comcast cable truck works in front of a home in Mount Lebanon, Pa. Comcast reports quarterly earnings on Tuesday, Jan. 28, 2014.(AP Photo/Gene J. Puskar)

“In the deal, Time Warner Cable shareholders will receive $158.82 a share in stock for their shares, about $23 a share above where TWC has been trading,” the Wall Street Journal reports. “Charter has made three offers, the most recent of which was valued at $132.50, all of which were rejected by TWC as too low.”

According to CNBC, the deal does not “face ownership cap restrictions, but is expected to get a tough review from the FCC.”

TheBlaze recently outlined how 9 TV distributors control roughly 91 percent of channel lineups. Because a number of huge companies have so much control over major programming on TV, it is harder for new or smaller networks to get a seat at the table.

With this deal, Comcast only stands to grow even more influential in the cable industry.

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