Time Warner

Comcast/Time Warner Merger Woes

Even before Donald Trump became the 45th President, the cable and telecom industries were active with mergers and acquisitions. This has been going on for more than a hundred years, but in 2013, word got out that Comcast Cable was attempting to buy Time Warner Cable. They kicked it around for a bit but with grumblings from the Justice Department and the threat of an anti trust lawsuit, Comcast decided to drop the bid.  

Charter Time Warner Bright House Merger

Barely a month after backing away from a proposed merger with Comcast, Charter Communications, Inc. (Nasdaq: CHTR) (together with its subsidiaries "Charter") and Time Warner Cable Inc. (NYSE: TWC) announced that they have entered into a definitive agreement for Charter to merge with Time Warner Cable. The deal values Time Warner Cable at $78.7 billion. Charter will provide $100.00 in cash and shares of a new public parent company ("New Charter") equivalent to 0.5409 shares of CHTR for each Time Warner Cable share outstanding.