Talk of a possible merger between Charter Communications and Time Warner Cable appears to be re-surfacing. John Malone-backed Charter reportedly is working with Goldman Sachs Group to pursue a bid for the nation’s second-largest cable company, people with knowledge of the situation tell Bloomberg. Liberty Media’s Malone fanned the speculation of a possible deal after his company paid $2.6B for a 27.3% stake in Charter last May. “Malone has clearly thrown down the gauntlet,” Paul Sweeney, an analyst at Bloomberg Industries tells the news organization. “He believes the cable industry needs further consolidation.” Charter rose 2.95% to $128.23 at 1:28 PM ET. The shares have climbed 63 percent this year through yesterday. Time Warner Cable, up 17 percent in 2013, rose 2.4 percent to $116.64.
Charter, Goldman Sachs Mulling Time Warner Cable Offer: Report
What's Hot on Deadline
Keaton Jones Facebook Video Gone After Mom's Confederate Flag Photos Surface: Is Hollywood Still "KeatonStrong"?
Golden Globes Nominations: 'The Shape Of Water' & 'The Post' Tops In Film, 'Big Little Lies' Leads TV
Latest TV News
- CNN Suspends Ryan Lizza After New Yorker Cuts Ties Over “Improper Sexual Conduct”
- Keaton Jones Facebook Video Gone After Mom’s Confederate Flag Photos Surface: Is Hollywood Still “KeatonStrong”?
- White House Dismisses Donald Trump Accusers As Sen. Gillibrand Demands Resignation
- ‘This Is Us’ Creator Dan Fogelman Teases Second Half Of Season 2: Aftermath Of Kevin’s DUI, Adoption…
- Kenya Barris/Alec Baldwin Family Comedy Gets Straight-To-Series Order By ABC
- Ridley Scott’s ‘Strange Angel’, ‘The Orville’ Season 2 & ‘S.W.A.T.’ Among TV Projects Receiving California…