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US: $62B deemed insufficient by Time Warner for buyout

By  |  January 14, 2014

Time Warner Cable rejected a $62.35 billion acquisition offer proposed by Charter Communications Monday on grounds that Time Warner CEO Rob Marcus believes his company is worth much more.

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    The buyout offer from smaller Time Warner rival has been an anticipated event as Charter shareholder Liberty Media is looking to enter the US cable industry through a merger.

    While reports say Liberty Media is known for its persistent merger agenda, Time Warner reportedly immediately dismissed the $62.35 billion offer, looking for a price tag more to the likes of $75 billion.

    Full Content: Time Business

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