Three sources told the paper that Verizon -- linked to deal chatter around several companies in recent months -- made a proposal to acquire Charter for $350-$400/share. Charter's down -0.7% to $343.20 currently.
Several analysts have said Verizon needs a transformative acquisition, likely including fiber-optic networks, to make a splash as it pursues 5G wireless plans in a hotly competitive sector.
The sources also said Verizon expressed interest in buying Sirius XM (SIRI +3.8%), but that didn't translate into a bid.
Now read: Verizon's Q1 2017 Is A Huge Eye Opener »
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