© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Charter to Buy Time Warner for $55 Billion
Posted 27th May 2015

Charter to Buy Time Warner for $55 Billion

Charter Communications and Time Warner Cable announced that they have a definitive agreement for Charter to buy with Time Warner Cable.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Charter to Buy Time Warner for $55 Billion
Image

Charter to Buy Time Warner for $55 Billion

Charter Communications and Time Warner Cable today announced that they have entered into a definitive agreement for Charter to merge with Time Warner Cable. The deal values Time Warner Cable at $78.7 billion.

Charter will provide $100.00 in cash and shares of a new public parent company equivalent to $0.5409 shares of CHTR for each Time Warner Cable share outstanding. 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 volume weighted average price. In addition, Charter will provide an election option for each Time Warner Cable stockholder, other than Liberty Broadband Corporation or Liberty Interactive Corporation, who will receive all stock, to receive $115.00 of cash and New Charter shares equivalent to 0.4562 shares of CHTR for each Time Warner Cable share they own.

In addition, Charter and Advance/Newhouse Partnership today announced that the two companies have amended the agreement which the two parties signed and announced on March 31, 2015, whereby Charter will acquire Bright House Networks for $10.4 billion. That agreement, as amended, provides for Charter and Advance/Newhouse to form a new partnership of which New Charter will own between approximately 86% and 87% and of which Advance/Newhouse will own between approximately 13% and 14%, depending on the Time Warner Cable shareholders’ cash election option described above. The consideration to be paid to Advance/Newhouse by Charter will include common and convertible preferred units in the Partnership, in addition to $2 billion in cash. The common and convertible preferred partnership units will each be exchangeable into shares of New Charter. The Charter-Advance/Newhouse transaction is expected to close contemporaneously with the Charter-Time Warner Cable transaction.

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
Virtusa Completes Acquisition of Majority Interest in Polaris Consulting & Services, Ltd
M&A
03/03/2016Virtusa Completes Acquisition of Majority Interest in Polaris Consulting & Services, Ltd

Virtusa Corporation (NASDAQ GS:VRTU) today announced that its India subsidiary, Virtusa Consulting Services Private Limited, has acquired all of the outstanding shares of Polaris Consulting & Services, Ltd.

Read Full PostRead - Eye Icon
I-NGEN-ious Advertising
Innovation
08/10/2021I-NGEN-ious Advertising

As one of Canada’s Fastest-Growing Companies, NGEN Communications knows what it takes to drive business growth. Thus, having helped emerging brands across a vast selection of industries to achieve their potential through comprehensive marketing strategies, N

Read Full PostRead - Eye Icon
RPM Acquires UK Industrial Tape Manufacturing Business
M&A
03/11/2016RPM Acquires UK Industrial Tape Manufacturing Business

RPM International Inc. today announced that it has acquired Adhere Industrial Tapes Ltd. to be part of its tremco illbruck business group.

Read Full PostRead - Eye Icon
Hemp Highlighted as Stepping Stone to Carbon-Neutral Future
News
30/11/2021Hemp Highlighted as Stepping Stone to Carbon-Neutral Future

This year’s Q4 report by Canxchange looked at the state and prospects of the global market for hemp products. Canxchange provides industry analyses to professionals in the sector, and in their latest report, they highlighted the role of the industrial use of

Read Full PostRead - Eye Icon
YFM Equity Partners completes £230m of deals and raises £100m of new funds in H1 2019
Finance
02/07/2019YFM Equity Partners completes £230m of deals and raises £100m of new funds in H1 2019

During the first half of 2019 YFM Equity Partners (YFM) completed £230m of deals and raised £100m of new funds. This result represents a sharp increase on 2018 and reflects the resilience and positivity of smaller businesses and demonstrate that this sector

Read Full PostRead - Eye Icon
Cybersecurity failure among 4 most threatening short-term global risks in 2021
Legal
28/04/2021Cybersecurity failure among 4 most threatening short-term global risks in 2021

Cybersecurity as a facet of growing CSR demands.

Read Full PostRead - Eye Icon
Cloud Pioneer Liaison Technologies Launches Industry’s First dPaaS
Innovation
02/04/2015Cloud Pioneer Liaison Technologies Launches Industry’s First dPaaS

Liaison Technologies, the industry-recognized leader in cloud-based integration and data management offerings, today announced the availability of the Liaison Alloy Platform™, the industry's first dPaaS (Data Platform as a Service) solution.

Read Full PostRead - Eye Icon
Golden Opportunities in Indonesia’s IP Industry
Finance
31/08/2016Golden Opportunities in Indonesia’s IP Industry

Am Badar & Partners is one of the leading intellectual property (IP) firms in Indonesia. The firm was founded by Mr Toetoen Ambadar, SH and established as legal entity on September 2 1965.

Read Full PostRead - Eye Icon
DWF Advise Capita’s Acquisition of Pervasive Networks
Legal
30/07/2015DWF Advise Capita’s Acquisition of Pervasive Networks

DWF Advise Capita's Acquisition of Pervasive Networks



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow