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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Dow Jones was among the first to report the two companies were in discussions but cautioned that talks were in the preliminary stages and may not result in a deal.
Conflicting Reports
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Charter told Benzinga in a statement that it has no comment on the report, while a Reuters report suggested that Verizon has not proposed an acquisition.
On the other hand, the Wall Street Journal reported that Verizon's CEO Lowel McAdam has indeed entered into preliminary talks with multiple cable firms, including Charter.
Prelim Opinions
While no announcements have yet to be confirmed or denied by either company, Wall Street analysts are offering their preliminary opinions on a potential deal between Verizon and Charter should it become official.
Analysts at Height Securities commented in a research report that a combination between the two companies would pose "significant antitrust risk."
The analysts further suggested that while President Trump would treat most mergers favorably his administration might take a different stance when it comes to consolidation in the wireless and cable segments.
"The merger would receive significant public scrutiny, and there may be additional economic issues presented by the overlap of Fios products and Charter's offerings," the analysts concluded.
Image Credit: By DoD photo by U.S. Air Force Staff Sgt. Marianique Santos [Public domain], via Wikimedia Commons
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.