Charter buys US giant Time Warner Cable in $78.7bn deal
US cable company Charter Communications
New York - Arab Today
US cable company Charter Communications announced Tuesday it is acquiring rival Time Warner Cable in a deal valued at $78.7 billion.
The deal will involve a major financial package for the cable giant that was also courted by France's Altice. Charter is giving $195 per share and $100 in cash, it said. If successful, the merger would mark a major consolidation in the industry.
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Dubai - Arab Today
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