Charter had offered to buy Time Warner Cable before Comcast ever got involved. Will it try again?
Earlier today, Comcast and Time Warner “mutually” called off their proposed $45.2 billion merger, due to strong regulatory pushback. That decision also effectively killed off contingent agreements whereby Charter Communications would pay $10.4 billion to buy Bright House Communications, and even more to acquire 3.9 million Time Warner Cable subscribers.
Charter originally had offered to buy Time Warner Cable last January for $37.3 billion, before being trumped by the Comcast bid.