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

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

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).