Comcast Joins In Charter Communications Takeover of Time Warner Cable

Photo of Trey Thoelcke
By Trey Thoelcke Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The proposed acquisition of Time Warner Cable Inc. (NYSE: TWC) by Charter Communications Inc. (NASDAQ: CHTR) just might have benefits for Comcast Corp. (NASDAQ: CMCSA). Charter reportedly has agreed in principle to sell Time Warner Cable systems in New York City, North Carolina and New England to Comcast if its acquisition of Time Warner Cable succeeds.

The proposal could allow Charter the chance to bolster its $132.50 per share offer for Time Warner Cable and reduce concerns that the acquisition would leave Charter with too much debt. It also could make the deal more palatable to Time Warner Cable management, which had called the $16 billion bid “grossly inadequate” and said it would not consider any offer that valued the company at less than $160 a share. But some of its largest shareholders are urging the company to engage with Charter.

Of course the Federal Communications Commission would still have to weigh in on the new proposal.

Time Warner Cable’s advisers include Morgan Stanley, Allen & Company, Citigroup and Centerview. Comcast is reportedly working with veteran dealmaker Paul Taubman, who was an adviser to Comcast on its $58.7 billion purchase of AT&T Broadband in 2002 and its $16.7 billion takeover of NBCUniversal.

Shares of Time Warner Cable, Charter Communications and Comcast were inactive in premarket trading.

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618