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US: Comcast enters picture for Time Warner buy

By  |  January 19, 2014

While Comcast was not part of Charter Communications’ $61 billion buyout offer for Time Warner Cable, reports say the nation’s largest cable company could soon enter the picture as a crucial player in a Time Warner acquisition.

Reports say Comcast CEO Brian Roberts is considering a possible joint bid with Charter for the deal, or by bidding for the company with Cox Communications. Still, the company may also consider acquiring part of Charter after Charter makes a successful acquisition offer for Time Warner. The plans were revealed to reporters by unnamed sources as the information remains confidential.

Those sources said Comcast is the favored company by Time Warner CEO Rob Marcus as Comcast has more cash-on-hand to offer shareholders than Charter.

Charter offered $61 billion for Time Warner and its outstanding debts last week, a proposal quickly deemed insufficient by the communications company.

Full Content: Businessweek

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