Comcast Corp on Monday agreed to a three-way deal with Charter Communications Inc as part of Comcast's efforts to win regulatory approvals for its proposed $45 billion purchase of Time Warner Cable Inc.The transaction would make Charter, which lost out to Comcast in a bid to acquire Time Warner Cable, the second-largest cable provider in the United States.The agreement would leave Comcast with less than 30 percent of the U.S. residential cable or satellite TV market, a factor seen as a key step to pleasing regulators. Charter would have about 6 percent of the pay-TV market, with an eventual shot to climb to 9 percent.Under the deal, Charter would pay Comcast $7.3 billion for 1.4 million subscribers. Comcast would divest another 2.5 million subscribers into a new publicly traded company that would be two-thirds owned by Comcast shareholders and one-third owned by Charter.
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 traded higher by 4.58% or $5.96/share to $135.97. In the past year, the shares have traded as low as $99.41 and as high as $144.02. On average, 1738100 shares of CHTR exchange hands on a given day and today's volume is recorded at 4285623.
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 0.15% or $-0.21/share to $139.20. In the past year, the shares have traded as low as $92.87 and as high as $147.28. On average, 3586420 shares of TWC exchange hands on a given day and today's volume is recorded at 1944159.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.9% or $-0.59/share to $64.61. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5765640 shares of TWX exchange hands on a given day and today's volume is recorded at 3095859.
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