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Charter Communications Negotiating To Buy Bright House Networks - Report

2015-03-13 06:24:50| Telecom - Topix.net

Charter Communications shares shot up 5.9% to a 52-week high this afternoon after Bloomberg reported that it's in talks to buy Bright House Networks , a cable company owned by Si Newhouse's Advance Publications. It could take more than $12 billion in stock to land Bright House's 2.5 million subscribers - concentrated in Florida, California, Michigan.

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