Charter Buying Time Warner Cable In $55 Billion Deal

Dan Hirschhorn, Time: Business
Tue, 05/26/2015 - 3:35am

(NEW YORK) — Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest pay-television and broadband operators in the U.S. As part of the agreement, Charter will also buy Bright House Networks for more than $10 billion. Charter will provide $100 in cash and shares of a new public parent company equal to 0.5409 shares of Charterfor each outstanding Time Warner Cable Inc.

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