Is Time Warner ready for merger talks with Charter?

April 28, 2015 6:50 PM

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Is Time Warner ready for merger talks with Charter?

St. Louis-based Charter (NASDAQ: CHTR) has not yet made a formal offer, but Time Warner Cable (NYSE: TWC) execs believe Charter may be willing to make a bid that is more attractive than its previous takeover offer, sources told Reuters. Time Warner Cable now believes Charter's stock is a more valuable currency than it was last year, the sources said.

Friendly negotiations between Charter and Time Warner Cable, which has its headquarters in New York City, would be a "sharp contract to their acrimonious exchanges in 2013 and 2014," Reuters reports.

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