The Traderszone Network

Published in TZ Latest News 25 May, 2015 by The TZ Newswire Staff

Charter nears $55 billion deal for Time Warner Cable: sources

The cash and stock deal values Time Warner Cable at $195 per share, according to the sources, and comes just one month after Comcast Corp dropped its $45.2 billion merger agreement with Time Warner Cable, clinched in February 2014, over antitrust concerns. Time Warner Cable shares closed Friday at $171.18. The new deal, and the friendly negotiations that preceded it, are in sharp contrast to the acrimonious exchanges in 2013 and early 2014 that ended with Time Warner Cable’s rejecting unsolicited approaches by Charter and instead finding a white knight in Comcast.