Big Cable Providers Try To Stave Off The Inevitable: Charter Communications, Inc., Time Warner Cable Inc
Charter Communications, Inc (NASDAQ:CHTR) is looking to succeed where rival Comcast Corporation failed in acquiring Time Warner Cable Inc (NYSE:TWC). Charter is buying Time Warner Cable for $55.3 billion ($79 billion including debt assumed). Time Warner Cable shareholders will get $195.71 per share in cash and Charter stock, a 14% premium over the market price going into the deal. After the merger, the new Charter Communications would be the second-largest cable TV and internet provider in America.