Charter set to forgo TWC counter-offer, mulls other deals

|About: Charter Communications, Inc. (CHTR)|By:, SA News Editor

Charter Communications (CHTR) is unlikely to make a counter-bid for Time Warner Cable (TWC), the WSJ reports, due to the gap between Comcast's (CMCSA) $158.82-a-share offer and Charter's $132.50 proposal.

Instead, Charter is looking at other possible acquisitions, including the 3M managed subscribers that Comcast has pledged to sell in order to win antitrust approval for its deal.

Charter will also look at other cable-TV firms, with one possible target Cox Communications.