Time Warner Cable and Comcast Form Joint Venture (TWC, CMCSA)
The joint venture will manage the Reference Design Kit (RDK) software that is being used in the next-generation set-top boxes. This new company will provide RDK licensing, community support, training and code management.
Time Warner shares were down 60 cents, or 0.53%, during Thursday morning trading. The stock is up 15% YTD.
Comcast shares were down 85 cents, or 1.94%, during Thursday morning trading. The stock is up 15% YTD.
The Bottom Line
Shares of Time Warner Cable Inc (TWC) have a 2.32% yield based on Thursday morning’s price of $112.06.
Shares of Comcast Corporation (CMCSA) have a 1.82% yield based on Thursday morning’s price of $42.94.
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