Cablevision Systems Corp is close to selling its Optimum West division to Charter Communications Inc, Bloomberg reported on Thursday, citing people familiar with the matter. The deal may be announced as early as today, the report said.Cablevision was not immediately available for comment.The company had said in November it was looking to sell its cable assets in four western U.S. states, which it bought for $1.4 billion in 2010, after it had received inquiries about the business. .
Charter Communications, Inc. is a United States-based company that is engaged in the provision of broadband and cable communication services and solutions. Shares of CHTR fell by 0.43% or $-0.35/share to $80.70. In the past year, the shares have traded as low as $58.05 and as high as $83.55. On average, 829427 shares of CHTR exchange hands on a given day and today's volume is recorded at 881121.
Cablevision Systems Corporation (Cablevision), through wholly owned subsidiary CSC Holdings, LLC (CSC Holdings, and collectively with Cablevision) and their subsidiaries, owns and operates cable television systems and owns companies, which provides regional news, other programming and advertising sales services for the cable television industry, provide telephone service, operate motion picture theatres and operate a newspaper publishing business. Shares of CVC traded higher by 5.15% or $0.74/share to $15.11. In the past year, the shares have traded as low as $10.76 and as high as $18.86. On average, 3200600 shares of CVC exchange hands on a given day and today's volume is recorded at 4758961.
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