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US: Comcast, TWC already in talks with Charter for $20B in divestitures

By  |  April 22, 2014

Comcast and Time Warner Cable are reportedly already in discussions with market competitor Charter Communications to divest billions of dollars worth of assets in hopes of having their proposed merger cleared by regulators.

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    Reports say Comcast and TWC are looking to sell $20 billion worth of assets, amounting to five million subscribers, to Charter to ease competition concerns. The cable firms are looking to merge in a $45 billion deal that is currently under scrutiny by both the Federal Communications Commission and the Department of Justice.

    Earlier reports had said Comcast is considering either offloading subscribers to a competitor or spinning off assets to create an entirely new industry player.

    Full Content: Rapid TV News

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