Comcast Exploring Possible Time Warner Cable Bid: Report

Comcast Reportedly Exploring Major Purchase
FILE - This Feb. 11, 2011 file photo shows the logo on a Comcast truck in Pittsburgh. Comcast reported on Wednesday Aug. 1, 2012 strong second-quarter earnings from cable operations which overcame returns of the box-office flop "Battleship." (AP Photo/Gene J. Puskar, file)
FILE - This Feb. 11, 2011 file photo shows the logo on a Comcast truck in Pittsburgh. Comcast reported on Wednesday Aug. 1, 2012 strong second-quarter earnings from cable operations which overcame returns of the box-office flop "Battleship." (AP Photo/Gene J. Puskar, file)

NEW YORK, Dec 6 (Reuters) - Top U.S. cable provider Comcast Corp has tapped JP Morgan Chase & Co for advice as it evaluates a potential bid for Time Warner Cable Inc , people familiar with the matter said.

Comcast brought in JPMorgan to help review options as speculation of cable industry consolidation increased in the past several months, one of the people said.

The people asked not to be named because the matter is not public. Representatives for Comcast and JPMorgan declined to comment.

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