Comcast, TWC in Talks to Sell $20 Billion in Assets to Charter
19 April 2014 - 4:20AM
Dow Jones News
Comcast Corp. (CMCSA, CMCSK) and Time Warner Cable Inc. (TWC),
seeking to smooth their $45 billion merger deal with regulators,
are in early-stage talks with Carter Communications Inc. (CHTR) on
a possible sale of assets, the Financial Times reported Friday on
its website, citing people familiar with the matter.
Those assets under discussion -- valued at up to $20 billion --
include selling between three million and five million subscribers
to Charter. A second option under discussion would see Comcast and
Time Warner Cable spin off subscriptions into a new company in
which Charter would be given a substantial minority stake, the FT
reported.
Time Warner Cable and Charter declined comment to the FT.
Web site: www.ft.com
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