Charter Communications is reportedly nearing a $55 billion deal to buy Time Warner Cable


An unnamed source with "direct knowledge" of the deal told The New York Times on Monday that Charter Communications is close to finalizing an agreement to buy Time Warner Cable for about $55.1 billion in cash and stock.
If the deal is approved, Charter would pay about $195 a share, which is about 14 percent higher than Time Warner Cable's closing stock price on Friday. And as the Times notes, it's also 47 percent higher than Charter's bid to buy Time Warner Cable last year.
If Charter acquires Time Warner Cable, its main investor, billionaire John Malone, would "break into the top tier of the American broadband industry," the Times reports.
Sources "familiar with the matter" told Bloomberg the deal could be announced as early as Tuesday.
Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.
-
The best folk albums of 2025
The Week Recommends From soul-searching lyrics to magnificent harmonies, these artists are a cut above the rest
-
Parthenogenesis: the miracle of 'virgin births' in the animal kingdom
The Explainer Asexual reproduction, in which females reproduce without males by cloning themselves, has been documented in multiple species
-
What will bring Vladimir Putin to the negotiating table?
Today's Big Question With diplomatic efforts stalling, the US and EU turn again to sanctions as Russian drone strikes on Poland risk dramatically escalating conflict
-
New York court tosses Trump's $500M fraud fine
Speed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in Intel
Speed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to China
Speed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with Disney
Speed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year