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Charter makes a $61 billion bid for Time Warner Cable, could be the first of many

Discussion in 'News' started by Athlon646464, Jan 15, 2014.

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  1. Athlon646464

    Athlon646464 Gold Members DBSTalk Gold Club

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    Feb 23, 2007
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    Charter makes a $61 billion bid for Time Warner Cable, could be the first of many

    After months of trying to negotiate a deal behind the scenes, Charter Communications is publishing details of its offer to buy Time Warner Cable (which split from Time Warner years ago). Despite a bid that including debt is enough to nab 20 or so Nests, TWC's board responded to the offer by calling it "grossly inadequate." Charter CEO Tom Rutledge is telling anyone who will listen that he can run the company better than its current leadership, and is encouraging shareholders to join him in this viewpoint by making this offer (apparently Charter's third in the last year) public. For customers the upside isn't so clear, as according to J.D. Power Charter is next-to-last in customer satisfaction, staying ahead of only Time Warner Cable -- ouch.

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