Charter Communications acquiring Time Warner Cable
A major deal has been announced in the American cable and broadcasting business. Charter Communications will spend more than $55 billion to acquire Time Warner Cable. The cash-and-stock deal would instantly create one of the largest pay-television and broadband operators in the United States.
As part of the agreement, Charter will also buy Bright House Networks for more than $10 billion.
There is no word early Monday on how the acquisition will impact local employees and/or customers.