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Charter’s Time Warner Cable merger bid could come next week

December 13th, 2013 at 10:00 PM
Charter Time Warner Cable Merger

What’s the opposite of a Christmas miracle? How about a merger between two of the largest cable providers in the United States? Bloomberg reports that Charter, previously rumored to be in the running for a buyout of Time Warner Cable, is drafting an offer letter that it could send out as early as next week to acquire TWC for under $140 per share. According to Bloomberg’s source, “the offer will include cash and Charter stock.” The FCC has already hinted that it would reject Comcast’s bid to try to buy Time Warner Cable, so it’s hard to imagine Charter will be any more successful. Comcast is not a part of this deal, despite previous reports of a joint offer, but the company is watching closely to see how the situation develops.

Jacob started covering video games and technology in college as a hobby, but it quickly became clear to him that this was what he wanted to do for a living. He currently resides in New York writing for BGR. His previously published work can be found on TechHive, VentureBeat and Game Rant.

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