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Mergers, Acquisitions and Takeovers

Charter nears $55-billion deal to buy Time Warner Cable

Charter nears $55-billion deal to buy Time Warner Cable

Charter Communications is poised to scoop up Time Warner Cable in a $55-billion deal that would make it the largest pay-TV provider in Southern California.

The acquisition, expected to be announced Tuesday, is considered more likely to clear regulatory hurdles than the recently scuttled acquisition of Time Warner Cable by Comcast Corp. That's partly because the combined company would be far smaller, with 17 million customers nationwide. Had Comcast succeeded, it would have served 30 million households.

Charter, backed by cable pioneer John Malone's Liberty Media Corp., would nonetheless command a giant footprint in Southern California, with more than 2 million customers in Los...

EDITION: California | U.S. & World