Charter Strikes $56B Deal For Time Warner Cable

mpicpp writes with word that Charter Communications has struck a $56 billion deal to buy Time Warner Cable; if the deal goes through (which the article says is likely, according to Macquarie Research analyst Amy Yong -- at least more likely than the recently scotched Comcast-Time Warner deal), it would mean that the second- and third-largest U.S. cable companies would share a letterhead, and more than 20 percent of the country's ISP market. From the linked Reuters article: The Federal Communications Commission immediately served notice that it would closely scrutinize the deal, focusing not only on absence of harm but benefits to the public. Charter, in which Malone-chaired Liberty Broadband Corp owns about 26 percent, is offering about $195.71 in cash-and-stock for each Time Warner Cable share, based on Charter's closing price on May 20. Including debt, the deal values Time Warner Cable at $78.7 billion. A key area of regulatory concern would be competition in broadband Internet.

Comments

Re:Competition?

[Jason Levine]

I have plenty of choices where I live. I can choose from Time Warner Cable, Time Warner Cable, Time Warner Cable, or even Time Warner Cable!