Charter Communications to buy Bright House Networks in $10.4-billion deal

April 1, 2015 10:00 AM

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Charter Communications Inc. has scooped up Bright House Networks with a proposed $10.4-billion takeover bid that accelerates the consolidation of the cable television and Internet service landscape.

The move is part of Charter's aggressive push to become an industry juggernaut. The deal, announced Tuesday, and another pending transaction with Comcast Corp. would make Charter the second-largest cable operator in the U.S. with about 10 million customers.

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