Another marriage of cable operators

March 31, 2015 1:17 PM

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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: Forbes: Rangers worth $1.5B, again NHL's most valuable team

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