Posts From King World News

Charter's deal faces lower regulatory barrier than Comcast's

Charter Communications Inc.’s proposed purchase of Time Warner Cable Inc. faces fewer hurdles to U.S. regulatory approval than Comcast Corp.’s ill-fated bid to buy the No. 2 cable provider. Charter said the combination, along with its purchase of Bright House Networks, would create a company serving fewer than 30 percent of U.S. subscribers to high-speed Internet service.

Charter to Buy Time Warner Cable for About $55 Billion

Charter Communications Inc. plans to buy Time Warner Cable Inc. for about $55 billion, clinching a deal made necessary by slowing growth in the U.S. cable industry — and more expensive by last-minute competition from French billionaire Patrick Drahi. Charter will pay $195.71 a share — 14 percent above Time Warner Cable’s May 22 close — with options of $100 and $115 in cash and the remainder in its own