SPOTLIGHT: Time Warner Cable spin-off worth $9.25 billion

Time Warner announced further details of its plan to spin-off Time Warner Cable. The deal will give shareholders an immediate dividend reward of about $10.27 per share, resulting in about $9.25 billion for the parent company. The cable unit recently posted a strong first quarter, but increasingly heated telco-cable competition is likely to continue to influence its fortunes. Read this story at MarketWatch

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