Execs close to Charter reach out to Time Warner Cable on merger - WSJ
Reuters
Published May 03, 2015 21:12
Updated May 03, 2015 21:22
Execs close to Charter reach out to Time Warner Cable on merger - WSJ
(Reuters) - Top executives close to Charter Communications Inc (O:CHTR) have reached out to management at Time Warner Cable Inc (N:TWC) to discuss a possible merger of the cable operators, the Wall Street Journal reported on Sunday.
John Malone, chairman of Charter's biggest shareholder Liberty Broadband Corp (O:LBRDA) called Time Warner Cable's Chief Executive Officer Rob Marcus "in recent days" to express Charter's interest in pursuing friendly deal talks, people familiar with the matter told the Wall Street Journal.
The report comes after the companies' bitter exchanges that ended with Time Warner Cable rejecting Charter's unsolicited approaches last year, when Time Warner had found a white knight in Comcast Corp (O:CMCSA).
Last week, Reuters reported that Time Warner Cable was open to merger discussions with Charter after Comcast's $45 billion (£29.72 billion) bid for TWC failed, according to people familiar with the matter.
On May 1, Charter reported a bigger quarterly loss, hurt by costs related to the failed deal between Comcast and Time Warner that involved assets Charter was planning to buy.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.