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Banks Set To Earn $143 Million In Comcast, Time Warner Cable Deal Fees

wochit business
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February 13, 2014 AT 9:58 AM
Comcast Corp's proposed $45.2 billion merger with Time Warner Cable Inc would generate as much as $143 million in investment banking fees, providing a rare boon to Wall Street banks grappling with a dearth of large corporate takeovers. JPMorgan Chase & Co, former top Morgan Stanley banker Paul Taubman and Barclays, which together advised Comcast, would split an estimated $51 million to $68 million in advisory fees if the proposed deal goes through, according to estimates by Freeman & Co LLC.