Bloomberg Reports Charter Near $195/Share Deal for Time Warner Cable

Charter Communications Inc.

is reportedly near a deal to acquire Time Warner Cable Inc.

for $195 per share in cash and stock, according to sources as reported by

on Monday. The deal is said to consist of $100 in cash, with the remainder in Charter stock. As part of the deal, sources say Bright House Networks will be merged into the combined Charter-TWC Company. The deal could be announced as soon as Tuesday. Time Warner Cable shares closed up 3.5% Friday at $171.18, while Charter shares fell almost 2%, to close at $175.33