US: Charter Communications agrees to buy Time Warner Cable

  • Charter Communications is set to buy Time Warner Cable in a proposed deal valuing the media giant at $78.7 billion.

    The deal, if it goes through, will bring together America’s second and third biggest cable operators.

    Charter has also agreed to buy the cable operator Bright House Networks for $10.4 billion. Together, the three companies will have a customer base of nearly 24 million in more than 40 US states.

    Tagged as: Charter Communications, Time Warner Cable, media giant, cable operators, Bright House Networks, US, business news