The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Published Tue, May 26, 2015 · 10:20 AM

    [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

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    The house sits on a road just off Bishops Avenue, a north London street known as “Billionaire’s Row”.

    Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    The airport hotel’s divestment builds on the Reit’s existing capital-recycling efforts.

    OUE Reit selling Crowne Plaza Changi Airport for S$500 million; unitholders to get special payout

    Indonesia’s Minister of Communication and Digital Affairs Meutya Hafid says sovereignty is about "having control at home and the confidence to cooperate abroad".

    Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More