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Charter May Extend Time Warner Cable Offer This Week
According to Bloomberg, Charter is planning to extend an acquisition offer letter to Time Warner Cable as early as this week, with the cable operator planning to offer around $135 per share. Excluding debt, that would value Time Warner Cable at around $38 billion. Reports had previously suggested that with Time Warner Cable wanted between $150 and $160 per share, though Charter is expected to argue that Time Warner Cable's recent subscriber losses (many due to their retransmission feud with CBS) Time Warner Cable shouldn't be too picky. Comcast is likely watching Time Warner Cable's response before offering up a possible proposal of their own.

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54761437 (banned)
join:2013-01-18
Durham, NC

2 recommendations

54761437 (banned)

Member

Let's have one mega ISP!

Hey, since none of the big cable ISPs compete in the same geographical regions, why don't they all merge into one hulking monolith known as Comtime-Chartervision? Think of it: 100 million subscribers, total control over content production and delivery, traffic shaping, deep packet inspection--it'll be great! Remember: it's not a monopoly if they never competed to begin with. America is all about choice, remember.