Patrick Drahi, Altice telecom group's majority shareholder, was in New York Thursday, meeting with top Time Warner Cable executives, including CEO Rob Marcus, to discuss a possible cash-and-stock buyout of the No. 2 cable operator in the U.S.
A young security researcher says he's uncovered a vulnerability in a Charter Communications customer service site that could expose sensitive customer information.
The federal government would prefer a European multinational purchase Time Warner Cable rather than a large U.S. cable company like Charter Communications. This is according to a number of analysts polled in a Thursday Reuters report, the upshot of which was Luxembourg-based telecom conglomerate Altice SA has a better regulatory shot at acquiring TWC than Charter does.
With the recent passage of Title II-based Internet regulation showcasing a heavy-handed political climate in Washington as it relates to cable broadband, Charter Communications will likely run into the same regulatory hurdles that Comcast did if it continues its quest to buy Time Warner Cable.
Injecting a new element of complexity to a cable M&A wave that had been primarily focused on Charter Communications and Time Warner Cable, French telecom group Altice SA announced intentions to pay $9.1 billion for a controlling interest in Suddenlink Communications.
Charter Communications and Bright House Networks have agreed to go through with a $10.4 billion merger plan originally announced in late-March. The two companies announced Monday that they have extended a 30-day window to renegotiate terms.
Talking openly about a prospective merger with Time Warner Cable, Charter Communications President and CEO Tom Rutledge told New York media investors Wednesday that such a deal would be "opportunity driven" and not propelled by the desire to achieve scale for programming negotiations.
The major players in cable's latest round of M&A talks continue to position themselves via leaks to major mainstream news outlets, with unnamed sources affiliated with Charter Communications telling Bloomberg that the cable company is not giving up on acquiring Bright House Networks.
Charter Communications is meeting with banks to line up $25 billion to $30 billion in financing to buy Time Warner Cable, according to the Wall Street Journal.
Bright House Communications is backing away from an earlier-agreed-upon $10.4 billion deal to be acquired by Charter Communications.