Seeking Alpha

Cable dominoes starting to line up

  • Comcast (CMCSA +0.8%) will step up to buy cable assets from Charter Communications (CHTR +3.9%) if Charter gets the green light to merge with Time Warner Cable (TWC -0.1%), according to Bloomberg.
  • The cable operators have an agreement in principal on what Comcast would pay for Charter assets in New York City, North Carolina, and New England.
  • Charter is also busy lining up directors to nominate to TWC's board as it looks to exert more pressure on shareholders to accept its offer.
Comments (1)
  • buffett222
    , contributor
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    Pac -Man defense?
    28 Jan, 08:13 AM Reply Like
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