je.st

Home › warner

Tag: warner

Charter close to deal to buy Time Warner Cable - report

2015-05-25 19:01:00| Telecompaper Headlines

(Telecompaper) Charter Communications is close to winning the bidding for Time Warner Cable with an offer of USD 55 billion, the Financial Times reports. People familiar with the matter said the two companies were in discussions over the holiday weekend in the US. One person informed on the talks said that Charter was prepared to pay a large premium to secure Time Warner Cable. The company is expected to offer USD 195 per share for TWC in a combination of cash and shares, giving the company an enterprise value of USD 78 billion, including USD 22 billion in debt. As part of the TWC deal, Charter will complete its proposed takeover of Bright House Networks and merge the three groups into a single entity that will have a total of 23 million customers. This would make it the second-largest cable operator in the US, just behind Comcast with 27 million customers. Charter's offer for TWC is 23 percent higher than what Comcast bid last year for the company.

Tags: time report buy close

Time Warner Cable Receives Buy Rating from Wunderlich

2015-05-24 01:22:03| Telecom - Topix.net

Several other analysts have also recently commented on the stock. Analysts at Barclays initiated coverage on shares of Time Warner Cable in a research note on Wednesday.

Tags: time buy rating cable

Time Warner Cable Deal Talks Pit Malone Against Protege Drahi

2015-05-23 21:11:50| Telecom - Topix.net

Over the past decade, John Malone has spent more than $50 billion amassing cable and television assets in Europe. Photographer: David Paul Morris/Bloomberg Merger talks over Time Warner Cable Inc. are pitting French-Israeli tycoon Patrick Drahi against his former boss: media mogul John Malone.

Tags: time deal cable talks

FCC chairman reached out to Time Warner Cable, Charter CEOs: WSJ

2015-05-22 02:25:06| Telecom - Topix.net

REUTERS: Federal Communications Commission Chairman Tom Wheeler reached out to the chief executives of Time Warner Cable Inc and Charter Communications Inc to convey that the agency is not against cable deals, the Wall Street Journal reported. Wheeler told the CEOs that any deal would be assessed on its own merits, the newspaper cited people familiar with the matter.

Tags: time cable reached chairman