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Charter Communications Up on M&A Extension, Verizon Falls on Lawsuit -- Telecom Winners & Losers

2015-05-21 02:18:48| Telecom - Topix.net

Charter Communications rose 0.33% to close at $181.64, on a day when the Nasdaq Telecom Index fell 0.37% to end at 283.38. The cable and television company rose after the companies on Monday said they plan to extend their negotiating period by 30 days and expect to strike an agreement under the terms of its previously announced $10.4 billion deal, according to an Associated Press report .

Tags: communications falls extension telecom

 

Charter extends talks on Bright House takeover

2015-05-18 20:04:00| Telecompaper Headlines

(Telecompaper) Charter Communications and Advance/Newhouse have extended talks on Charter's proposed acquisition of Bright House Networks. The companies jointly announced that they remain committed to completing their previously announced takeover on the same economic and governance terms. Their agreement first announced in late March was conditional on Charter completing a deal to acquire assets from Time Warner Cable and Comcast after the latter two's proposed merger. Since the TWC-Comcast deal was scrapped, Charter and Advance/Newhouse have restarted negotiations on the deal. While they have yet to reach a new agreement, they have extended their good faith negotiating period for an additional 30 days. Charter originally agreed to acquire Bright House Networks, which counts around 2 million TV customers and is the sixth-largest cable operator in the US, for USD 10.4 billion. Recent media reports have suggested that TWC may also be looking at a bid for Bright House.

Tags: house bright charter talks

 
 

Charter still pursuing Bright House deal

2015-05-13 20:47:08| Telecom - Topix.net

Charter Communications Inc. is still in active takeover talks with Bright House Networks even as it eyes a potential deal with Time Warner Cable. Charter and Bright House are working to reach a new deal during an exclusivity period that lasts through May 24, sources told Bloomberg.

Tags: house deal bright charter

 

Is Charter lining up debt for a Time Warner Cable deal?

2015-05-11 16:41:40| Telecom - Topix.net

Charter Communications reportedly is in negotiations to line up a debt package of up to $30 billion to help it finance a potential acquisition of Time Warner Cable Inc. Sources told the Wall Street Journal that the company is in early talks with banks to arrange a debt package of between $25 billion and $30 billion. Charter reportedly has been pursuing friendly merger discussion with Time Warner Cable following the failure of Comcast Corp.'s $45 billion takeover bid.

Tags: time deal cable debt

 

Bright House Networks and Charter deal looking less likely

2015-05-10 08:41:06| Telecom - Topix.net

According to Reuters Bright House Networks may look to kill its impeding merger with Charter Communications. After pressure from regulators put an end to Comcast's effort to purchase Time Warner Cable, rumors started circulating that Charter wanted to resurrect its bid for the beleaguered company.

Tags: house deal likely networks

 

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