Charter Communications buys Time Warner Cable: CT will become the second largest cable operator in the US
A month after Comcast refused to take over Time Warner Cable, TWC cable operator buys Charter Communications for $ 55 billion. The base of subscribers of Charter Communications after the transaction will be 23 million people, so the company in the United States will be in second place after Comcast with its 27 million.
The deal between Charter Communications and Time Warner Cable was organized by John Malone, Vedomosti writes . TWC’s takeover by Comcast’s largest cable operator failed due to antitrust authorities, and the new deal will also be the subject of regulatory proceedings. If regulators block the deal - Charter will pay TWC $ 2 billion to TWC.
The transaction value is 55 billion dollars - at 195 dollars per share, which is higher than the bid. Shareholders will receive part of the money in cash, and partly in shares of Charter Communications.
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The deal between Charter Communications and Time Warner Cable was organized by John Malone, Vedomosti writes . TWC’s takeover by Comcast’s largest cable operator failed due to antitrust authorities, and the new deal will also be the subject of regulatory proceedings. If regulators block the deal - Charter will pay TWC $ 2 billion to TWC.
The transaction value is 55 billion dollars - at 195 dollars per share, which is higher than the bid. Shareholders will receive part of the money in cash, and partly in shares of Charter Communications.
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Source: https://habr.com/ru/post/290992/
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