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telcodad
MVM
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Lincroft, NJ

telcodad

MVM

Comcast hires veteran dealmaker to now help in the negotiations

And now Comcast has hired a veteran dealmaker to help negotiate its role in all this:

Comcast hires dealmaker Taubman as it eyes TWC assets
By Ed Hammond, FT.com - January 27, 2014
»www.ft.com/cms/s/0/05fd8 ··· rdURuD9L
quote:
Comcast has hired Paul Taubman, the veteran dealmaker, to help negotiate its role in Charter Communications’ $61 billion bid to take control of Time Warner Cable, according to people familiar with the matter.

The move to bring in Mr Taubman, Morgan Stanley’s former institutional securities co-head, adds weight to conviction in the market that Comcast will not entertain a rival bid but instead look to carve out some TWC assets.
:
Mr Taubman’s involvement in the negotiations also represents the second major coup for the banker, who has worked as an independent adviser since leaving Morgan Stanley, which is advising TWC, in 2012.

Mr Taubman was last year hired as a lead adviser to Verizon in the telecoms company’s $130bn deal to take control of its joint venture with UK rival Vodafone.

At Morgan Stanley, Mr Taubman was an adviser to Comcast on its $58.7bn purchase of AT&T Broadband in 2002 and its $16.7bn takeover of NBCUniversal.

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telcodad

MVM

Comcast executives declined to talk about it on today's 4Q13 earnings call.

Comcast executives declined to talk about the growing speculation that they would be involved in Charter’s bid for Time Warner Cable in their conference call this morning, but instead were focused on their own internal results:

Comcast Sticks To Its Knitting
MSO Focuses On Operations Growth, Declines to Comment on M&A Speculation

By Mike Farrell, Multichannel News - January 28, 2014
»www.multichannel.com/cab ··· g/147953
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telcodad

MVM

Sources: Charter may raise their bid within weeks

Looks like Charter will be raising its bid for TWC soon:

Exclusive: Charter may raise Time Warner Cable bid within weeks - sources
By Liana B. Baker and Soyoung Kim, Reuters - January 31, 2014
»www.reuters.com/article/ ··· 20140201