Court blocks Cable One's Mega Broadband acquisition bid

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Go back to Court blocks Cable One's Mega Broadband acquisition bid

Cable One Provides Update on the Pending Purchase of Mega Broadband

October 12, 2026 6:30 AM EDT

Company has agreed in principle on material terms with GTCR and other lenders regarding a financing solution

PHOENIX--(BUSINESS WIRE)-- Cable One, Inc. (NYSE: CABO) (Cable One or the Company) today announced that, on October 9, 2026, the United States District Court for the Southern District of New York entered a temporary restraining order (the TRO) that temporarily prohibits Cable One from acquiring the 55% of Mega Broadband Investments Holdings LLC (MBI) that it does not currently own.

The action was commenced by CoBank, ACB, a lender under the Company's existing credit agreement. The... More