UPDATE 2-Charter Communications to buy Bright House in $10.4 bln deal

March 31, 2015 3:33 PM

57 0

March 31 (Reuters) - Charter Communications Inc said it would buy Bright House Networks in a $10.4 billion deal as it seeks to expand its cable network after losing out to Comcast Corp in a fight for Time Warner Cable Inc last year.

The cable industry has been rapidly consolidating in recent years in a bid to counter the growing popularity of satellite TV and Web-based entrants such as Netflix Inc.

Also read: Rupert Murdoch seeks to add $14 billion crown jewel, British Sky, to Fox empire

Read more

To category page

Loading...