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Charter to buy Time Warner Cable in a US$78.7b deal

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Published Tue, May 26, 2015 · 10:20 AM

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    [NEW YORK] Charter Communications Inc said it would buy Time Warner Cable Inc in a cash-and-stock deal that values the larger rival at US$78.7 billion, to compete with No. 1 US cable services provider Comcast Corp.

    The deal values each Time Warner Cable share at about US$195.71 based on Charter's closing price on May 20, the companies said in a joint statement on Tuesday.

    REUTERS

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