Comcast, Time Warner Said to be in Discussions to Sell Subscribers to Charter Communications for Up to $20B -FT
Comcast (NASDAQ: CMCSA) and Time Warner Cable (NYSE: TWC) have reportedly begun negotiations with Charter Communications (NASDAQ: CHTR) to sell cable assets, including 3 million-5 million subscribers, in a deal that could be worth as much as $20 billion, according to Financial Times. Comcast and Time Warner Cable are waiting for US regulatory approval for their merger, announced on February 13.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.