Charter Communications (CHTR) is close to a deal to buy larger Time Warner Cable (TWC) for $195 a share, according to multiple reports, after the Comcast (CMCSA)-TWC takeover failed due to regulatory opposition. Charter, the No. 3 U.S. cable operator, will pay $100 a share in cash and the rest in stock, for each share of No. 2 TWC, Bloomberg reported on Monday, citing sources. The Financial Times and Reuters later filed similar reports. Both
French telecom Altice’s sudden push into the U.S. sets up a potential battle with Charter Communications for Time Warner Cable, as both Altice and Charter eye deals to gain scale so they can bulk up for further takeovers. Altice on Wednesday announced it would buy a 70% stake in Suddenlink Communications, the seventh-biggest U.S. cable TV firm, for about $7.9 billion. Charter (CHTR), rebuffed by Time Warner Cable (TWC) in early 2014, has been
Charter Communications (CHTR) reportedly is exploring a bid for Time Warner Cable (TWC) after Comcast (CMCSA) scrapped its $45 billion takeover deal for Time Warner Cable. Charter soon may approach the No. 2 U.S. cable provider with a bid, the Wall Street Journal said, albeit one that is a better offer than it received from Comcast because Time Warner’s stock price and operations have improved. Charter will send advisers to contact TWC about