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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.
Comments (4)
  • justaminute
    , contributor
    Comments (581) | Send Message
     
    First post merger announcement - Layoffs. Second - increased rates.
    26 Jan, 01:42 AM Reply Like
  • chopchop0
    , contributor
    Comments (3138) | Send Message
     
    sounds like a win-win if you're a shareholder
    26 Jan, 09:26 AM Reply Like
  • justaminute
    , contributor
    Comments (581) | Send Message
     
    Maybe. Maybe not if you're citizen.
    26 Jan, 01:01 PM Reply Like
  • streetflame
    , contributor
    Comments (128) | 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, 06:04 PM Reply Like
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