£35.9bn deal for Time Warner Cable

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Published: Tuesday 26th May 2015 by The News Editor

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Charter Communications will spend 55.33 billion US dollars (£35.9 billion) to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest pay-television and broadband operators in the US.

As part of the agreement, Charter will also buy Bright House Networks for more than 10 billion dollars (£6.49 billion).

Charter will provide 100 dollars (£64.91) in cash and shares of a new public parent company equal to 0.5409 shares of Charter for each outstanding Time Warner Cable share. The transaction values each Time Warner Cable share at about 195.71 dollars (£127.03).

The companies valued Time Warner Cable at a total of 78.7 billion dollars (£51.08 billion).

Published: Tuesday 26th May 2015 by The News Editor

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