Another marriage of cable operators

March 31, 2015 1:17 PM

66 0

Cable TV’s Charter Communications CHTR surged 8% to $198.29 Tuesday after announcing the $10.4 billion acquisition of cable operator Bright House Networks.

Under terms of the deal, Charter will own 73.7% of the company, while Bright House parent Advance/Newhouse will own 26.3%.

Also read: Marriott quarterly revenue rises 7.7 percent

Read more

To category page