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US: Charter ready to rival Comcast for TWC buyout

 |  December 13, 2013

Let the bidding wars begin. Sources say Charter Communications is set to send its buyout offer to Time Warner Cable as early as next week.

The bid is rumored to be a cash and stock offer, though Charter declined to comment on the matter and additional financial details of the supposed offer were not revealed, other than that the bid will likely be less than $135 per TWC share.

Experts believe a buyout will not be accepted by TWC for anything under $150 per share.

The news comes as rival Comcast is rumored to be gearing up to make its own offer for TWC, having hired JPMorgan Chase & Co to advise on a possible deal.

Full Content: Reuters

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