Report: Charter talks with Comcast about joint Time Warner Cable bid

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

Reuters reports Charter (CHTR) has "reached out" to Comcast (CMCSA) about a joint bid for Time Warner Cable (TWC), after Time Warner spurned Charter's $132.50/share offer. Charter and Comcast are said to be "in preliminary discussions about how to structure a potential alliance."

One source says a bid could involve Charter buying Time Warner in full, and then selling off some subscribers to Comcast.

Regulators are bound to closely scrutinize any major cable asset purchases made by Comcast, given its enormous size.

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