While it was rumored that Charter said “no thank you” to Verizon’s estimated $100 billion merger offer earlier this year because it just wasn’t enough money, new reports suggest the rejection was actually because Charter wanted to go on its own shopping spree, snatching up Cox Communications.
The New York Post, citing sources familiar with the matter, reports that Charter is considering a play to purchase Cox Communications.
Cox, which has about 21 million customers, provides service in 18 states scattered through the US, including Massachusetts, Florida, Virginia, California, and Arizona. Charter, on the other hand, offers service to 27 million people in 28 states, including California, Missouri, and Michigan.
The sources say that Charter CEO Tom Rutledge is very interested in the Atlanta-base cable company, but that no formal approach has been made yet.
Still, Charter’s desire to acquire Cox could be all talk, as Cox has brushed off many advances from the company in the past.
DSLReports suggests that Charter has approached Cox several times since 2013 and been rejected each time.
“Cox has been very clear and consistent that we are not for sale and, in fact, we’re aggressively investing in our network, products and strategic partnerships and investments of our own,” a rep for the company tells the NY Post.
Full Content: New York Post
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI