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Saturday, April 19, 2014

Comcast in talks with Charter over divestitures -source, (NASDAQ: CHTR), (NYSE: TWC), (NYSE: TWX)

Comcast Corp is in talks with Charter Communications over selling or spinning off roughly 3 million subscribers worth approximately $18 billion to $20 billion as part of the divestitures related to its $45.3 billion takeover of Time Warner Cable, according to a source familiar with the matter. The talks center around either a straight sale of 3 million or so subscribers, or the potential creation of a spinoff in which Charter would purchase a substantial minority stake, the source added.There may be other options the two companies are discussing, the source said, adding that while the negotiations with Charter are serious, they are still in the early stages and could fall apart. Other cable companies also are interested in Comcast's divested subscribers, according to the source. The Financial Times first reported the news of the talks with Charter.A Comcast spokesman failed to comment on Saturday while representatives for Time Warner Cable and Charter could not be reached for comment.Executives from Comcast and Time Warner Cable earlier this month sought to reassure lawmakers that the merger between the two largest U.S. cable companies would not result in higher prices for cable TV and Internet packages.

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 0.24% or $-0.28/share to $117.83. In the past year, the shares have traded as low as $99.41 and as high as $144.02. On average, 1670110 shares of CHTR exchange hands on a given day and today's volume is recorded at 1726574.

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 0.21% or $-0.29/share to $135.33. In the past year, the shares have traded as low as $89.81 and as high as $147.28. On average, 3594310 shares of TWC exchange hands on a given day and today's volume is recorded at 2283252.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 1.02% or $0.66/share to $65.15. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5914880 shares of TWX exchange hands on a given day and today's volume is recorded at 5756253.



Source