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Time Warner Cable in $78.7bn takeover deal by Charter Communications Page Title Module
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  • Time Warner Cable in $78.7bn takeover deal by Charter Communications

    Charter Communications has agreed to buy media giant Time Warner Cable in a cash and shares deal worth $78.7bn (£52bn).

    The cash element is worth $55bn, with the rest covered by Charter shares.

    The new company, which will also include Bright House networks, will be a broadband services and technology company serving 23.9 million customers in 41 states.

    It aims to compete with US cable market leader Comcast.

    Comcast, which has 27 million customers, owns NBCUniversal.

    The deal comes a month after Comcast abandoned a plan to buy Time Warner Cable after heavy pressure from regulators.



    More: http://www.bbc.com/news/business-32883033
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