MENU

Charter steps up pursuit of Time Warner Cable

January 13, 2014 • Business


FILE – In this Feb. 2, 2009 file photo, a Time Warner Cable truck is parked in New York. Cable TV operator Charter Communications said Monday, Jan. 13, 2014, it wants to buy the much larger Time Warner Cable in a cash-and-stock deal that could be worth up to $38 billion. (AP Photo/Mark Lennihan, file)

NEW YORK (AP) — Cable TV operator Charter Communications intensified its pursuit of the much larger Time Warner Cable and vowed Monday to bring an offer directly to shareholders if needed after getting rebuffed by Time Warner’s management.

Time Warner Cable called the move “a non-starter.”

There has been months of speculation over a cable company buying Time Warner Cable, the nation’s No. 2 cable TV provider behind Comcast Corp. Monday’s pronouncement by Charter represents its most public overture yet, even as financial terms haven’t changed significantly. Although there is no Login to read more

Related Posts

Comments are closed.

« »