Report: Comcast prefers to work with Charter over TWC bid


Comcast (CMCSA) reportedly prefers joining up up with Charter Communications (CHTR) to bid for Time Warner Cable rather (TWC) than making an offer on its own.

Comcast thinks TWC's asking price of $160 a share is too high, while the latter isn't interested in selling itself in a piecemeal fashion.

Charter is willing to let Comcast have TWC's New York-area cable systems in exchange for Comcast backing Charter's bid. The New York network would fit in nicely with Comcast's operations in Connecticut and New Jersey.

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Comments (4)
  • justaminute
    , contributor
    Comments (1643) | Send Message
     
    First post merger announcement - Layoffs. Second - increased rates.
    26 Jan 2014, 01:42 AM Reply Like
  • chopchop0
    , contributor
    Comments (5215) | Send Message
     
    sounds like a win-win if you're a shareholder
    26 Jan 2014, 09:26 AM Reply Like
  • justaminute
    , contributor
    Comments (1643) | Send Message
     
    Maybe. Maybe not if you're citizen.
    26 Jan 2014, 01:01 PM Reply Like
  • streetflame
    , contributor
    Comments (138) | Send Message
     
    Comcast's involvement makes it more difficult from an antitrust perspective. CHTR - TWC would be relatively straightforward but Comcast's size raises red flags.
    26 Jan 2014, 06:04 PM Reply Like
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