No 1 cable provider Comcast , in its talks with Charter about a possible deal to acquire parts of Time Warner Cable, would be interested in an agreement that gives Comcast the New York market and parts of New England, a person familiar with the matter said on Friday. Discussions between Comcast Corp and Charter Communications Inc have gotten more substantive in recent days, partly because Comcast felt takeover target Time Warner Cable was seeking too high a price for itself, the person said on Friday.Comcast is interested in acquiring Time Warner Cable's New York City market since it already has operations in neighboring Connecticut and New Jersey, the person added.In New England, Comcast controls the Boston cable market and is also eying areas where it does not already have systems such as Maine, said the person, who asked not to be named because the matter is not public.Los Angeles, one of Time Warner Cable's largest markets, is less attractive to Comcast, the person said.
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 1.53% or $-2.04/share to $131.42. In the past year, the shares have traded as low as $76.19 and as high as $144.02. On average, 923150 shares of CHTR exchange hands on a given day and today's volume is recorded at 1316735.
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 fell by 0.63% or $-0.85/share to $133.70. In the past year, the shares have traded as low as $84.57 and as high as $139.85. On average, 2784300 shares of TWC exchange hands on a given day and today's volume is recorded at 2782291.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 2.04% or $-1.32/share to $63.32. In the past year, the shares have traded as low as $49.50 and as high as $70.77. On average, 4589110 shares of TWX exchange hands on a given day and today's volume is recorded at 7444943.
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