A Charter And Time Warner Cable Merger Could Be Coming
Time Warner Cable Inc (TWC) is open to merger discussions with Charter Communications Inc (CHTR) following a failed $45 billion bid by Comcast Corp (CMSA). according to people familiar with the matter.
Friendly negotiations between the two companies would be in sharp contrast to their acrimonious exchanges in 2013 and early 2014 that ended with Time Warner Cable rejecting unsolicited approaches by Charter and instead finding a white knight in Comcast.
While Charter has yet to make a formal offer, Time Warner Cable believes its smaller peer may be willing to make a bid that is more attractive compared with its takeover attempt two years ago, the people said.
Time Warner Cable also views Charter's stock as a more valuable currency than it did last year given its stock performance since then, the people said.
Read more on this story at Reuters.
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Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio ...
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The merger would still be denied AND they would still need Comcasts backing to do it.
Why would they need Comcast's backing? And Comcast is much larger than Charter so their wouldn't be the same scrutiny needed for government approval.
For the same reason they needed Comcast the first time they made a bid. They didn't have the funds available to do it without Comcast.