Reuters: Charter in talks to acquire 3M subscribers from Comcast


Charter Communications (CHTR) is in negotiations to acquire 3M subscribers from Comcast (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).

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Comments (3)
  • KISS_investor
    , contributor
    Comments (387) | Send Message
     
    This is a big deal for Comcast investors if this is true. Knowing the folks at Charter this will be a tax deal and I'm guessing that's a spin off.

     

    Speculation that the Time Warner deal may crater with a leveraged cash bid from Charter is part of the reason its dead money right now.

     

    If the deal gets approved (highly likely), and Charter is buying these subs instead of trying to outbid Comcast, the stock is real opportunity. The Time Warner deal will pay for itself very quickly and should be accretive right out of the gate
    20 Apr 2014, 02:48 AM Reply Like
  • Seth Walters
    , contributor
    Comments (675) | Send Message
     
    A cable subscriber is worth $6000? Really?
    20 Apr 2014, 02:24 PM Reply Like
  • suthanalley
    , contributor
    Comments (14) | Send Message
     
    Comcast Corporation talks with Charter Communications to sell its cable assets of $18 billion. In order to view more follow http://goo.gl/FpyluR
    21 Apr 2014, 07:19 AM Reply Like
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