CORRECTED-UPDATE 1-Charter Communications to buy Bright House in $10.4 bln deal

March 31, 2015 1:19 PM

58 0

March 31 (Reuters) - Cable television operator Charter Communications Inc said it would buy privately held Bright House Networks in a cash-and-stock deal valued at $10.4 billion to expand in Florida.

Charter's shares rose as much as 10 percent in premarket trading on Tuesday after Reuters reported the deal earlier in the day.

Also read: UPDATE 8-AT&T agrees in principle to buy Time Warner for $85 bln -sources

Read more

To category page