Comcast’s $45 billion takeover of Time Warner Cable isn’t just a victory for the cable giant. It’s also an unexpected win for the company’s advisers.
For months, it had seemed as though the bevy of banks and law firms working for Charter Communications, the unwanted suitor for Time Warner Cable, were in a position to score a big payday. Its only real rival, Comcast, was in talks to buy a handful of markets from Charter should it have succeeded.
Obviously, things took a different turn in recent days.
Comcast’s financial advisers stand to make $51 million to $68 million in fees, according to estimates from Freeman & Company. Time Warner Cable’s banks could earn $57 million to $75 million.
Comcast was advised by:
The deal is particularly big for Mr. Taubman, who already has one major transaction under his belt since striking out on his own: Verizon Communications’ $130 billion purchase of the 45 percent stake in its wireless business owned by Vodafone. He has long counted Comcast as a client, having spearheaded its deal for NBC Universal.
Time Warner Cable was advised by:
- Morgan Stanley
- Allen & Company
- Citigroup
- Centerview Partners
- Paul, Weiss, Rifkind, Wharton & Garrison
- Skadden, Arps, Slate, Meagher & Flom
Charter was advised by:
