Reuters: Charter may up bid for TWC, still talking with Comcast


Reuters reports Charter (CHTR) is thinking of raising its bid for Time Warner Cable (TWC) to the "low 140s per share range," and could make a move within two weeks.

A source says Charter's change of heart - Charter offered $132.50/share in mid-January, and was quickly rebuffed - is due to "feedback from Time Warner Cable investors Charter has received in its two-week roadshow."

Reuters adds Charter is still talking with Comcast (CMCSA - previous) about "how to carve up Time Warner's markets" in the event of a joint bid.

Comcast, which could face regulatory scrutiny in the event it tries to expand, is said to be interested in Time Warner's NYC systems, as well as some of its New England assets. Sources state a deal could also result in some Charter systems going to Comcast.

TWC +2% AH

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs