Tuesday, May 26, 2015

Charter to pay $55B for Time Warner whose deal with Comcast died

The telecom industry is ready to try a multibillion-dollar acquisition again, a month after a Comcast-Time Warner Cable deal fell apart, this time with Charter Communications buying Time Warner Cable for roughly $55 billion.

“Charter came in second place to Comcast when TWC was first up for grabs, said Brett Sappington, a media analyst with Parks Associates. “It is not surprising to see Charter acting quickly to secure the deal.”

Until last month, Time Warner Cable — which no longer has any connection to Time Warner — was set to become part of Comcast. However, the deal fell apart after regulators said they did not approve of the deal, thanks in large part to the cable behemoth the two companies would have created. Regulators felt the company would have too much control over the country’s Internet service.

From the article "Charter to pay $55B for Time Warner whose deal with Comcast died" by Jordan Graham.

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