Items tagged with bright house
Charter Communications this week said it's planning to acquire Bright House Networks, the sixth largest cable company in the U.S., for $10.4 billion. However, there are several contingencies, one of the biggest of which is government approval for rival Comcast to acquire Time Warner Cable, as Charter has a vested interest in the side deal. If Comcast is able to buy TWC, it has agreed to shed 1.4 million subscribers to Charter in exchange for $7.3 billion to help nudge regulators to approve the deal. Comcast said it would also divest 2.5 million subscribers as part of a spinoff into a new cable company called GreatLand Connections, of which Charter would own a stake. Should all of this...
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