Comcast and Charter are working out a deal in which Charter would acquire Time Warner Cable (TWC) and then sell some of those assets to Comcast.
Previously, Charter offered to buy Time Warner for $61.3 billion or $37.3 billion excluding TWC’s debt. Time Warner management rejected the amount, but Charter is attempting to push an acquisition through by appealing to shareholders.
Today, Bloomberg reported that Comcast “is near a deal to buy New York City, North Carolina, and New England cable assets from Charter Communications Inc. if shareholders approve Charter’s takeover bid for Time Warner Cable Inc.”
via Ars Technica http://ift.tt/1aDrKTU