Charter and Bright House form the latest big cable union

March 31, 2015 3:19 PM

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Charter Communications said Tuesday that it would buy Bright House Networks in a cash-and-stock-deal valued at $10.4 billion to expand in Florida. Bright House has about 2 million video customers in central Florida, and Charter stock surged on the deal Tuesday Morning. 

and its subsidiary, CCH I, LLC (together, the "New Charter" or "Charter")1 and Advance/Newhouse Partnership (the parent company of Bright House Networks, LLC) today announced that the companies have reached a definitive agreement (the "Agreement") whereby Charter will acquire Bright House Networks (...

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