NEW YORK (TheStreet) -- Comcast (CMCSA) will reportedly buy Time Warner Cable (TWC) for $45 billion in an all-stock deal. Although there have been concerns about regulatory approval, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, says the deal will get done.

The deal values shares of Time Warner Cable at roughly $158.82, which is a $23 premium to the previous closing price. 

Cramer called shares of Time Warner Cable "a horrendous underperformer" because the company continues to lose market share as a result of more dissatisfied customers. He added that Comcast will be able reverse those effects and, as a result, the stock price will go up.

The only way the deal could be stopped is if broadcasters, who are hoping to continue getting big fees from more cable operators, put up a big fuss, he said. 

However, he dismissed that notion, saying the broadcasters don't have enough push in Washington D.C..

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

More from Opinion

Earnings Season Is Simply Out of Control Madness - How Are You Surviving?

Earnings Season Is Simply Out of Control Madness - How Are You Surviving?

Why Ether and Ripple -- But Not Bitcoin -- Prices Might Come Under Pressure Soon

Why Ether and Ripple -- But Not Bitcoin -- Prices Might Come Under Pressure Soon

Daily Chatter: Here's Where the Markets Stand After Tuesday's Beating

Daily Chatter: Here's Where the Markets Stand After Tuesday's Beating

3 New Investing Myths That Must Be Busted

3 New Investing Myths That Must Be Busted

Why a Global Stock Market Crash Is Coming

Why a Global Stock Market Crash Is Coming