Just 32 days after his staff abruptly aborted a 14-month M&A integration process with Comcast, Time Warner Cable CEO Rob Marcus sent a memo to his charges Monday asking them to do it all over again.
Charter Communications has officially announced a deal to purchase Time Warner Cable, agreeing to acquire the No. 2 cable operator for $56.7 billion in cash and stock. The deal values TWC at $78.7 billion and comes just 32 days after Comcast walked away from its own $45.2 billion agreement to purchase the company.
Charter Communications is closing in on a long-anticipated acquisition of Time Warner Cable, according to several reports, which peg the overall deal value at $55 billion.
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.
Canoe Ventures, the joint venture founded in 2008 by Comcast, Cox Communications, Time Warner Cable and Bright House Networks, appears to be finding success through its focus on providing dynamic ad insertion for cable's video-on-demand services.
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.
Comcast is the latest service provider to sign an interconnection agreement with Internet transit provider Level 3 Communications ahead of the FCC's net neutrality rules that will go into effect next month.
Altice SA's lightning-quick entry into the U.S. cable market continued through Wednesday morning, with reports swirling that billionaire Patrick Drahi's French telecom group is already in talks to buy Time Warner Cable.
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.