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Charter agrees Time Warner Cable, Bright House takeovers
2015-05-26 12:05:00| Telecompaper Headlines
(Telecompaper) Charter Communications confirmed an agreement to acquire Time Warner Cable for USD 78.7 billion including debt. The cash-and-shares deal values TWC at USD 195.71 per share, based on Charter's latest share price, or USD 200 based on the average share price in the past 60 days. Charter also announced that it reached an agreement with Advance/Newhouse on acquiring Bright House Networks for USD 2 billion cash plus a minority stake in the merged operator. Assuming both deals are completed, Advance/Newhouse will own 13-14 percent of 'New Charter', TWC shareholders will have 40-41 percent and Liberty Broadband will hold 19-20 percent. The exact ratios will depend on how many TWC shareholders opt for cash or shares under the Charter offer. Liberty Broadband, controlled by cable mogul John Malone and currently Charter's largest shareholder, has agreed to buy USD 4.3 billion of new shares in Charter after the closing of the TWC takeover. It also earlier agreed to buy USD 700 million in Charter as part of the Bright House deal, in order to avoid dilution of its stake in Charter. The combination of Charter, Time Warner Cable and Bright House will create the US's second-largest cable operator, serving 23.9 million customers in 41 states.
Charter confirms $56.7 billion Time Warner Cable acquisition
2015-05-26 02:00:00| Total Telecom industry news
Cableco amends Bright House deal in order to create company serving 23.9 million customers.
Tags: time
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Charter on verge of $55.1bn Time Warner Cable deal
2015-05-26 02:00:00| Total Telecom industry news
Reported interest from Altice pushes up the price for TWC.
Charter set to announce Time Warner Cable acquisition
2015-05-25 19:56:32| Telecom - Topix.net
Charter may announce a three-way proposal to buy Time Warner Cable and a smaller cable provider, Bright House, as early as Tuesday, a person close to the talks confirmed on Monday. Before the holiday weekend, Time Warner Cable stock closed at an all-time high of $171.18, amid speculation that a bid by Charter was imminent.
Tags: time
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acquisition
Charter nears US$55 billion deal for Time Warner Cable: source
2015-05-25 19:56:31| Telecom - Topix.net
Charter Communications Inc is nearing a US$55 billion agreement to acquire Time Warner Cable Inc, combining the third- and second-largest U.S. cable operators, a person familiar with the matter said on Monday. REUTERS: Charter Communications Inc is nearing a US$55 billion agreement to acquire Time Warner Cable Inc, combining the third- and second-largest U.S. cable operators, a person familiar with the matter said on Monday.
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