Comcast and Time Warner Cable have entered negotiations to sell cable assets worth up $20 billion to Charter Communications in a deal aimed to allay Washington's concerns about their proposed merger.» Read More
Chris Marangi, Gamco, weighs in on Charter Communications' proposal to buy Time Warner Cable for $61.3 billion.
CNBC's David Faber reports the latest details on Charter Communications' "bid" to acquire Time Warner Cable. Charter sent a letter to Time Warner Cable that includes details on merger discussions.
Charter Communications is ready to strike a bid for Time Warner Cable for $132.50 per share, reports CNBC's Jackie DeAngelis.
Companies making headlines after the bell Monday:
Charter Communications proposed to buy Time Warner Cable for about $61.3 billion, or $132.50 a share, but the company rejected it.
Jan 6- Consumer advocate Ralph Nader said Liberty Media Corp Chairman John Malone's offer to buy out the remaining stake in satellite radio company Sirius XM was "ludicrous" and called for activist investor Carl Icahn to take notice. A spokeswoman for Liberty Media did not immediately respond to a request for comment.
Dec 19- By some measures, it seems hard to find fault with how Time Warner Cable has been run since it was spun off from its parent company, Time Warner Inc, in 2009..
"Shareholder activism and the prospect that shareholders can exercise authority over a company's strategies, especially their capital and portfolio strategies, acts as a real restraint on corporate freedom of activity," said Gene Sykes, co-head of global mergers and acquisitions at Goldman Sachs.
Dec 19- By some measures, it seems hard to find fault with how Time Warner Cable has been run since it was spun off from its parent company, Time Warner Inc, in 2009.. Malone, whose Liberty Media owns 27 percent- owned Charter Communications, the country's fourth largest cable operator, is expected to make a bid to buy Time Warner Cable in the coming weeks.
NEW YORK, Dec 19- Liberty Media Corp's top executives estimate that a merger between Charter Communications Inc and Time Warner Cable Inc could generate roughly $700 million in annual synergies, according to people close to the matter.
Comcast is examining three scenarios for a potential deal with Time Warner Cable, including a full takeover bid.
Jim Cramer can’t help but notice a pronounced undercurrent in the market.
NEW YORK, Dec 16- Comcast Corp is examining three scenarios for a potential deal with Time Warner Cable, including a full takeover bid for the second-largest cable operator, people close to the situation said on Monday.
*Avago to buy LSI for $6.6 bln; AIG to sell unit for $5.4 bln. *Charter prepares offer letter for Time Warner Cable: source. NEW YORK, Dec 16- U.S. stock index futures pointed to a higher open on Monday, as large deals boosted optimism after a steep decline last week, though investors remained heavily focused on an upcoming Federal Reserve policy meeting.
*Fed meeting in view, investors looking for stimulus clarity. *Charter prepping offer letter for Time Warner Cable: source. NEW YORK, Dec 16- U.S. stock index futures were little changed on Monday, suggesting investors were reluctant to buy even after a steep decline last week, as they turned their focus to an upcoming Federal Reserve policy meeting.
The offer is expected to be less than $135 per Time Warner Cable share and will be a combination of cash and stock, said the source, who asked not to be named because the matter is not public. Shares of Time Warner Cable barely budged Friday afternoon, up 0.3 percent to $131.40.
Charter Communications is preparing an offer letter to acquire Time Warner Cable for less than $140 a share, Bloomberg reported Friday.
NEW YORK, Dec 13- Charter Communications Inc is preparing to send an offer letter to acquire Time Warner Cable Inc as soon as next week, a source close to the matter said on Friday. The offer is expected to be less than $135 per Time Warner Cable share and will be a combination of cash and stock, said the source, who asked not to be named because the matter is not public.
Shares of Scripps soared after the market closed on a news report that Discovery Communications is considering a bid for the cable company.
Dec 9- Time Warner Cable's incoming chief executive Rob Marcus said on Monday he is in no hurry to sell the company, while Charter's CEO Tom Rutledge, a potential suitor, said the smaller company sees benefits in growing through acquisitions.