Charter Communications acquires Time Warner Cable for $55.3 billion

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Charter Communications has acquired Time Warner Cable for $55.33 billion, the company confirmed Tuesday

The deal, which values Time Warner Cable at $78.7 billion or approx. $195.71 per share, will see the two companies merge in a new company called New Charter. The new company will be one of the largest pay TV and broadband operators in the U.S

Charter will provide $100 in cash and shares of a new public parent company equal to 0.5409 shares of Charter for each outstanding Time Warner Cable Inc. share.

The news confirmed Monday’s report that the two companies were merging, and comes about one month after Comcast withdrew its bid for TWC due to regulatory concerns Read more…

More about Time Warner Cable, Business, and Charter

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