On Wednesday evening, CNBC reporter David Farber tweeted that Comcast would announce its purchase of Time Warner Cable on Thursday morning, according to unnamed sources. The deal would be an “all stock deal” with Comcast paying $159 per share, about $23 per share higher than Time Warner's stock is currently trading.

Barrons reports that Time Warner Cable has 277.9 million shares outstanding, putting the deal at $44.2 billion. The Wall Street Journal's sources report a higher number, saying that the deal to be announced tomorrow will total $45.2 billion.

The FCC will surely scrutinize the deal since it involves the two largest cable companies in the country, but Farber noted that his sources also said that Comcast would be willing to divest itself of three million subscribers in order to make the deal go through. “$CMCSA wants to avoid consent decree,” tweeted Farber.

The Wall Street Journal points out that Comcast's deal beat out the bid made by Charter Communications, which had been pursuing the purchase of TWC for eight months. “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,” wrote the WSJ. Charter had also worked out a deal with Comcast in which the two companies would divide up Time Warner's assets, but Charter may now be left on the sidelines.