- Charter Communications (NASDAQ:CHTR) is in negotiations to acquire 3M subscribers from Comcast (NASDAQ:CMCSA) in a deal that could be worth $18-20B, Reuters reports.
- Charter could buy the subscribers through a straight purchase or Comcast could create a spin-off in which Charter would acquire a large minority holding.
- Other cable firms also are interested in obtaining the Comcast subscribers.
- Comcast has already committed to selling the subscribers in order to assuage antitrust concerns about its $45.3B takeover of Time Warner Cable (TWC).
Reuters: Charter in talks to acquire 3M subscribers from Comcast
Recommended For You
About CHTR Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
CHTR | - | - |
Charter Communications, Inc. |