Charter Sets Its Sights on Time Warner
With regulators having nixed Comcast’s attempt to purchase Time Warner Cable, rival Charter Communications has stepped in with a $56.7 billion bid. The deal is expected to close by the end of the year. While the acquisition will face regulatory scrutiny, it’s not expected to be as intense as that experienced by market leader Comcast.
The US cable cartel is not heeding the advice of Tom Wheeler to overbuild their infrastructure to compete. I guess mega-mergers are their only tool of choice.