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Media: Buyers circling Time Warner Cable

Time Warner Cable might soon have new owners, said Shalini Ramachandran, Dana Cimilluca, and Brent Kendall in The Wall Street Journal. Two of its rivals, Comcast and Charter Communications, “appear to be maneuvering for control” of the country’s second-largest cable company. Time Warner is said to have been in talks with Comcast about merging, in order to ward off an unsolicited buyout by Charter. “But Comcast may end up being more foe than ally,” having launched talks with Charter on buying Time Warner together. Sector leader Comcast, with a market value of $130 billion, “could much more easily afford” to buy $38 billion Time Warner than Charter could.

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