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
If Comcast’s (CMCSA) proposed acquisition of Time Warner Cable (TWC) collapses from a regulatory steamroller, industry observers say both companies may resurface in telecom takeovers. Both the Department of Justice, which reviews mergers on antitrust grounds, and the Federal Communications Commission, which examines whether deals are in the public interest, have signaled that the Comcast-TWC deal could be shot down. The deal would combine the
Lawyers in the Department of Justice’s antitrust unit likely will recommend blockingComcast’s (CMCSA) $45.2 billion bid to buy Time Warner Cable (TWC), Bloomberg News reported, citing people familiar with the matter. The investigating lawyers reportedly are worried that consumers will be harmed by the creation of a nationwide cable television giant. The attorneys may submit their recommendation as soon as next week. The unit’s senior officials