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Charter Communications Reportedly Buying Time Warner Cable
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25.05.2015
Time Warner Cable didn't take long to recover from the breakup of its deal with Comcast.
The second-largest cable TV provider in the U.S. is close to a deal to be acquired by Charter Communications.
The terms according to Bloomberg and CNN Money are for $55 billion in cash and stock.
The deal also reportedly include the acquisition of Bright House Networks, another cable tv provider.
Cable TV has peaked in terms of customers, as overall subscribers dropped in 2013 — the first time that has ever happened.
Comcast and Time Warner are among the hardest hit by this shift.
The second-largest cable TV provider in the U.S. is close to a deal to be acquired by Charter Communications.
The terms according to Bloomberg and CNN Money are for $55 billion in cash and stock.
The deal also reportedly include the acquisition of Bright House Networks, another cable tv provider.
Cable TV has peaked in terms of customers, as overall subscribers dropped in 2013 — the first time that has ever happened.
Comcast and Time Warner are among the hardest hit by this shift.
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