Charter to merge with Time Warner Cable in massive $78.7 billion deal

[Wireless News]

Charter is hoping to succeed where Comcast failed. Charter on Tuesday announced that it plans to merge with Time Warner Cable in a deal worth $78.7 billion, which is a hefty premium over the $45 billion that Comcast offered to buy TWC last year. DON’T MISS:-Why the BlackBerry Storm was the single biggest disaster in smartphone history “Charter will provide $100.00 in cash and shares of a new public parent company (‘New Charter’) equivalent to 0.5409 shares of CHTR for each Time Warner Cable share outstanding,” Charter explains in a press release. “The deal values each Time Warner Cable share at approximately $195.71 based on Charter’s market closing price on May 20, or approximately $200 based on Charter’s 60-trading day

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