Charter Adds Goldman Sachs to Finance $25B in Debt For Time Warner Bid

continues to pursue an acquisition of

adding The Goldman Sachs Group, Inc.

and Credit Suisse Group AG

to a group of banks prepared to lend $25 billion. Charter's bid, backed by John Malone's Liberty Media Corp

, includes close to $90 per share in cash and the rest in Charter stock, according to the Wall Street Journal. Bloomberg reported that Liberty will contribute equity to maintain their 27% stake in the new company. Charter met with lenders to set financing terms last week. The company is planning to offer under $135 per Time Warner share or a value of $62 billion including debt. Time Warner Cable is looking for a deal of at least $150 a share. On Monday, Reuters reported that Comcast Corporation

is looking at a few options for a Time Warner Deal. Comcast is looking at a full takeover, purchasing select Time Warner Cable Market, or a bid with another company other than Charter. According to WSJ, Time Warner is more likely to make a deal with Comcast or Cox Communications as Charter's bid is financially risk with their debt lad. Shares of Charter closed at $131.36 on Monday and are currently trading down 0.86%. Time Warner Cable closed at $132.09 and is up 0.77%.