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

 |  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.

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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