- Reuters reports Charter (CHTR) has "reached out" to Comcast (CMCSA) about a joint bid for Time Warner Cable (TWC), after Time Warner spurned Charter's $132.50/share offer. Charter and Comcast are said to be "in preliminary discussions about how to structure a potential alliance."
- One source says a bid could involve Charter buying Time Warner in full, and then selling off some subscribers to Comcast.
- Regulators are bound to closely scrutinize any major cable asset purchases made by Comcast, given its enormous size.
- More on Charter/Time Warner Cable
Report: Charter talks with Comcast about joint Time Warner Cable bid
Jan 15 2014, 18:54 ET