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Looks like Charter wants another go at acquiring Time Warner Cable

Comcast was unable to acquire Time Warner Cable, but it looks like Charter wants another crack at it

Michael Hatamoto | Apr 27, 2015 at 1:15 pm CDT (0 mins, 52 secs time to read)

Last week, Comcast dropped its effort to take over Time Warner Cable, as antitrust regulators and business watchdog groups showed their displeasure with the takeover attempt.

Looks like Charter wants another go at acquiring Time Warner Cable | TweakTown.com

"Today, we move on," said Brian Roberts, chairman and CEO of Comcast, following news of Comcast's decision to leave behind TWC. "Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn't agree, we could walk away."

However, it looks like Charter Communications, the No. 4 largest cable company in the United States, is considering another effort to acquire TWC. Prior to Comcast's effort to purchase TWC last year for almost $159 per share, Charter offered $130 and $132 per share for TWC - which the company rejected.

TWC CEO Rob Marcus demanded $100 per share in cash along with $60 in stock from Charter, and then Comcast swooped in - and some financial analysts believe the company could try for $190 per share this time around, made up of $110 per share in cash plus $80 a share in stock.

Last updated: Apr 6, 2020 at 08:43 pm CDT

Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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