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UPDATE: Cablevision (CVC), Time Warner Cable (TWC), Charter (CHTR) Higher as Malone Makes Moves

June 27, 2013 1:18 PM EDT Send to a Friend
(Updated - June 27, 2013 1:30 PM EDT)

Shares of Charter Communications, Inc. (NYSE: CHTR), Cablevision Systems Corporation (NYSE: CVC), Time Warner Cable Inc. (NYSE: TWC), and Liberty Media Corporation (Nasdaq: LMCA) were active on Thursday. The moves are tied to Bloomberg reports that billionaire John Malone is exploring scenarios for how Charter Communications Inc. could acquire Time Warner Cable Inc.

Previous reports said Time Warner was not interested in a deal. However, Malone is working on how to structure a deal with enough cash to win Time Warner, said Bloomberg sources. Charter is a much smaller company than Time Warner, which make the deal tough. However, given Malone's track record, investors appear confident in the billionaire's ability.




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