Malone’s Charter rides merger wave with $10.4B Bright House deal

March 31, 2015 10:38 PM

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John Malone-backed Charter Communications has agreed to buy a majority stake in billionaire Si Newhouse Jr.’s Bright House Networks for $10.4 billion.

The deal will make Charter, which counts Malone’s Liberty Media as its controlling shareholder, the second-biggest cable operator and continues a wave of consolidation in the sector.

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