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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