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US: Charter nears $55 billion deal for Time Warner Cable

By  |  May 25, 2015

Time Warner Cable is nearing an agreement to be acquired by smaller peer Charter Communications for about $55 billion, combining the second and third largest US cable operators, people familiar with the matter said on Monday.

The cash and stock deal values Time Warner Cable at $195 per share, according to the sources, and comes just one month after Comcast dropped its $45.2 billion merger agreement with Time Warner Cable, clinched in February 2014, over antitrust concerns.

The deal is expected to be announced on Tuesday. Charter will also acquire Bright House Networks, the sixth-largest U.S. cable operator, for $10.4 billion, the people added. Charter and Bright House had extended their merger talks after Comcast’s deal with Time Warner Cable fell through.

 

Full content: The Wall Street Journal

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