http://www.reuters.com/article/2015/05/25/us-twc-m-a-charter-communi-idUSKBN0OA15L20150525
Looks like Charter will merge with TWC and acquire Brighthouse as well. It is kind of funny that they are acquiring Brighthouse as Brighthouse has a complicated relationship with TWC. Charter is reported to offer TWC $195/share for a $55 billion offer. Brighthouse relies on Time Warner for their programming contracts, and they use the same cable boxes and infrastructure as Time warner. Even use the same program guide and tablet/smartphone app as well as their live TV VOD website for PC and Macs. I think Altice would be an interesting operator, but they are open to others, and Charter really wants to go in for the kill (TWC and Brighthouse), so that is probably why. I think TWC is not really interested in running a cable company.
http://www.reuters.com/article/2015/05/26/us-twc-m-a-charter-communi-idUSKBN0OA15L20150526
Edit: Deal is official, signed at $55-56 billion at $195.71/share. Charter will buy brighthouse alongside merging with TWC, and Malone will buy $5 billion in New Charter stock to help finance along with other forms of financing to get this deal done. However, some people still say that the $55 billion deal is the correct one. Also, the Newhouse family which owns Brighthouse would also get a stake in the company.
Looks like Charter will merge with TWC and acquire Brighthouse as well. It is kind of funny that they are acquiring Brighthouse as Brighthouse has a complicated relationship with TWC. Charter is reported to offer TWC $195/share for a $55 billion offer. Brighthouse relies on Time Warner for their programming contracts, and they use the same cable boxes and infrastructure as Time warner. Even use the same program guide and tablet/smartphone app as well as their live TV VOD website for PC and Macs. I think Altice would be an interesting operator, but they are open to others, and Charter really wants to go in for the kill (TWC and Brighthouse), so that is probably why. I think TWC is not really interested in running a cable company.
http://www.reuters.com/article/2015/05/26/us-twc-m-a-charter-communi-idUSKBN0OA15L20150526
Edit: Deal is official, signed at $55-56 billion at $195.71/share. Charter will buy brighthouse alongside merging with TWC, and Malone will buy $5 billion in New Charter stock to help finance along with other forms of financing to get this deal done. However, some people still say that the $55 billion deal is the correct one. Also, the Newhouse family which owns Brighthouse would also get a stake in the company.