Charter Communications To Buy Time Warner Cable For $55 Billion, Creating Cable Powerhouse

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Charter Communications said on Tuesday morning it will buy Time Warner Cable for $100 a share in cash and 0.5409 of its shares, in a merger that will create the second largest cable and broadband operator in the United States. The cash and stock deal values Time Warner Cable at $195.71 a share based on May 20 closing stock prices, or over $55 billion, and comes a months after Comcast dropped a $45 billion bid for Time Warner Cable amid regulatory scrutiny.

Vía Forbes Real Time http://onforb.es/1RjYiTR

Author: edaccessible

I am a brain aneurysm survivor. Thankful for every day. Devoted father and husband. Passionate about new technologies; in particular anything to do with accessibility and universal design.