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Charter Communications (CHTR) Nears $55B Takeover of Time Warner Cable (TWC)

May 25, 2015 2:39 PM EDT

Charter Communications (NASDAQ: CHTR) is nearing a $55 billion acquisition of Time Warner Cable (NYSE: TWC), the Wall Street Journal reported mid-day Monday with U.S. markets closed for Memorial Day.

According to the report, Charter will pay $195 per share in cash in stock. The cash portion of the deal is expected to equal $100 per share with the rest in stock.

In April, Comcast (NASDAQ: CMCSA) terminated its stock-for-stock deal to acquire Time Warner Cable given insurmountable anti-trust hurdles.



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