Topics

Comcast Corporation
Charter Communications nears deal to buy Time Warner Cable
Charter Communications nears deal to buy Time Warner Cable

Charter Communications is near a deal to acquire Time Warner Cable for about $195 a share -- furthering its quest to build one of the nation's largest cable TV and Internet service companies. The deal, valued at more than $55 billion, is expected to be announced Tuesday, according to a person close to the companies who did not want to be identified discussing sensitive negotiations. Bloomberg News first reported that Charter was poised to clinch Time Warner Cable, its long coveted prize. The combination also would include Bright House Networks, according to the Bloomberg report. The three-company merger would create a juggernaut cable company with about 20 million subscribers. ...

Loading