Charter Communications is arranging $25 billion in debt financing to help it fund a bid for Time Warner Cable, the Wall Street Journal reported on Wednesday, citing anonymous sources. Time Warner Cable has been an acquisition target for John Malone, chairman of Liberty Media Corp, Charter's biggest shareholder, for several months.EarTimelier this year, Charter made an offer for the company but Time Warner Cable rjected it. Rival cable companies Comcast and Cox could also be interested bidders for Time Warner Cable, according to media reports.A Charter spokeswoman failed to comment on the Wall Street Journal report. A Time Warner Cable spokeswoman did not immediately respond to a request for comment.Time Warner Cable could pay out more than $50 million to incoming Chief Executive Robert Marcus as part of his contract, if the company is bought while he is CEO and he is replaced, Reuters reported earlier on Wednesday.
Charter Communications, Inc. (Charter) provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. Shares of CHTR fell by 0.84% or $-1.14/share to $134.98. In the past year, the shares have traded as low as $68.44 and as high as $144.02. On average, 687574 shares of CHTR exchange hands on a given day and today's volume is recorded at 1765886.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.18% or $0.24/share to $136.80. In the past year, the shares have traded as low as $84.57 and as high as $139.17. On average, 2111100 shares of TWC exchange hands on a given day and today's volume is recorded at 3272423.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.15% or $-0.1/share to $65.64. In the past year, the shares have traded as low as $45.88 and as high as $70.77. On average, 4253970 shares of TWX exchange hands on a given day and today's volume is recorded at 3258222.
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