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.

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