Now Charter has made a deal to buy Time Warner Cable

[the artist known az]

NEW YORK (AP) -- Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest pay-television and broadband operators in the U.S.

As part of the agreement, Charter will also buy Bright House Networks for more than $10 billion.

Charter will provide $100 in cash and shares of a new public parent company equal to 0.5409 shares of Charter for each outstanding Time Warner Cable Inc. share. The transaction values each Time Warner Cable share at about $195.71.

The companies on Tuesday valued Time Warner Cable at a total of $78.7 billion.

Shares of Charter Communications Inc. are up more than 3 percent in premarket trading

http://finance.yahoo.com/news/charter-buying-time-warner-cable-102918583.html

I didn't know they had money like that. I only knew 1 person that used Charter & that was like 15 years ago

 

[Rekkapryde]

So just Time Warner Cable and not Time Warner, right?

edit: Time Warner spun off Time Warner Cable too?

 

[winb83]

Charter originally tried to buy Time Warner and they said no due to Comcast. I think the CEO of Time Warner is getting some type of deal to sell the company.

 

[Rekkapryde]

Charter originally tried to buy Time Warner and they said no due to Comcast. I think the CEO of Time Warner is getting some type of deal to sell the company.

So The Comcast Deal that fell through was for Time Warner CABLE, not Time Warner? Didn't know Time Warner Cable was spun off into its own company until now. Thought Time Warner still owned it (they still technically do since they own the overwhelming majority of the stock for TWC)

 

[the artist known az]

So just Time Warner Cable and not Time Warner, right?

edit: Time Warner spun off Time Warner Cable too?

Looks like cable

 

[Rekkapryde]

Looks like cable

Yeah, reading now. That makes more sense. So with this deal, what will Charter's market share be? I know if the Comcast deal went through, comcast would have had over 50% of the cable/internet market. Will this get shutdown too if the marketshare is too high?

 

[the artist known az]

Yeah, reading now. That makes more sense. So with this deal, what will Charter's market share be? I know if the Comcast deal went through, comcast would have had over 50% of the cable/internet market. Will this get shutdown too if the marketshare is too high?

From USA Today: If Charter can pull off buying both Time Warner Cable and Bright House, it'll become the second largest TV-and-Internet service provider in the U.S. with about 24 million customers nationwide. It'd trail only Comcast, which has about 27 million customers.

 

[Rekkapryde]

From USA Today: If Charter can pull off buying both Time Warner Cable and Bright House, it'll become the second largest TV-and-Internet service provider in the U.S. with about 24 million customers nationwide. It'd trail only Comcast, which has about 27 million customers.

So even with the acquisition they won't be bigger than Comcast?

It'll be approved then.

 

[Mowgli]

39.99 Internet 30mb down

 

[Rekkapryde]

39.99 Internet 30mb down

that's what you got?

I pay 44.99 for 50mb down/12 up with Comcrap...

 

[Scientific Playa]

and coming in at #11 is

This list of countries by Internet connection speed lists the average connection speed of Internet access by end-users.

http://en.wikipedia.org/wiki/List_of_countries_by_Internet_connection_speeds