Charter Communications is nearing an offer to buy Time Warner Cable for around $55 billion.
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Time Warner Takeover by Jason GalanisWhat doe the Time Warner
Takeover mean for the market?
Time Warner Takeover by Jason GalanisWhat doe the Time Warner
Takeover mean for the market?
Charter Communications is nearing an offer to buy Time Warner
Cable for around $55 billion. This will merge the second and third
largest cable companies in the United States. This could be a
concern to a major industry rival, Comcast Corp. Comcast is the
largest U.S. cable company. The larger company could achieve
economies of scale and pose a major threat to Comcast.Time Warner
is valued at $195 per share in the deal. Comcast had been trying to
acquire Time Warner, but dropped the 45.2 billion agreement last
month.
Time Warner shares had been trading at around $135 a share
before the Comcast deal was announced.
Regulators did not allow the Time Warner Comcast merger because
it would have created a cable company with 40% of the U.S.
market.
The merger between Charter and Time Warner would create a
company that has 20% of the market.Time Warner Takeover by Jason
GalanisWhat doe the Time Warner Takeover mean for the market?
Charter Communications is on the acquisition bandwagon. They
will acquire Bright House Networks, for 10.4 billion. With Time
Warner and Bright House, Charter could have 23 million customers.
Comcast has 27.2 customers. That is what Comcast is concerned
about. They could soon lose their position as the largest cable
company in the United States. Tom Rutledge, Charters Executive will
be the CEO of the new company.Time Warner Takeover by Jason
GalanisWhat doe the Time Warner Takeover mean for the market?
Time Warner has been a takeover target before. There may still
be companies interested in bidding for Time Warner, but those in
the know, claim the deal between Charter and Time Warner is done.
It is reported that if the deal falls through though, Time Warner
will receive a $2 billion break-up fee. The outcome of the news
could unfold as early as Tuesday morning.Time Warner Takeover by
Jason GalanisWhat doe the Time Warner Takeover mean for the
market?
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Name: Jason Galanis - Holmby Capital Group
Address: 1920 Bel Air Road, Los Angeles, Califonia, 90077
Email: [email protected] [email protected]
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