Charter Buys TWC For $56.7B, Plans to Also Buy Bright House
Just weeks after the Comcast-Time Warner Cable merger fell through, another major announcement has happened that has shaken the digital service providers world. Charter Communications has officially announced a deal to buy Time Warner Communications for $56.7 billion in cash and stock.
When the Comcast-TWC deal died, so did Charter’s deal within that deal to pick up millions of subscribers. And when both of those deals were dead in the water, so was Charter’s plans on buying Bright House Networks.
Charter will, in fact, buy Bright House, now that the TWC plan is underway. The Bright House deal is expected to be worth $10.4 billion, which is the same deal It had before.
Charter Communications will now have 23.9 million customers in 41 stats, which makes them the second-biggest Cable TV company behind Comcast.
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