Bloomberg: Charter near $195/share deal for Time Warner Cable

• With some weekend progress, Charter Communications (NASDAQ:CHTR) is close to a deal to buy Time Warner Cable for near $55.1B -- about $195/share, a 14% premium to Friday's close, Bloomberg reports.
• The cash-and-stock deal could be announced tomorrow and would also mean that Bright House Networks, the country's sixth-largest cable operator, would be acquired and merged into the combined company as well.
• That value is for Time Warner Cable (TWC) equity, and Charter would also assume debt. Shareholders would have the option to accept as much as $115/share in cash and less Charter stock.
• Previously: Reuters: Altice talking with bankers about TWC purchase financing (May. 22 2015)
• Previously: Reuters: Charter's $10.4B Bright House buy on track (May. 18 2015)