Charter buying Bright House for $10.4 billion in the latest big cable deal

March 31, 2015 2:53 PM

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Cable television operator Charter Communications CHTR is buying privately held Bright House Networks in a cash-and-stock deal valued at $10.4 billion to expand in Florida.

Charter said it would pay Advance Newhouse, the owner of Bright House, $2 billion in cash and the rest in common and convertible preferred units of a newly created partnership for the deal.

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