With the Comcast-TWC merger dead, Charter looks ready to pounce
Comcast and Time Warner Cable confirmed on Friday morning that their $45.2 billion merger deal was finally dead, but just hours later, reports are already beginning to spread about Charter picking up where Comcast left off.
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According to The Wall Street Journal, people familiar with the matter believe that Charter will approach Time Warner Cable with an offer of its own very soon. They know that they’ll have to offer more than they did a year ago, but now that the Comcast merger has been shut down for good, there’s one less obstacle in the way of a Charter-TWC deal.
In an interview held shortly after the Comcast deal dissolved, Time Warner Cable CEO Rob Marcus declined to comment directly on any other potential acquisitions, but noted that his company would remain open to any possibilities that could result in future growth and success.
“What I’ve said repeatedly is that we are in the business of maximizing shareholder value, and we fully intend to fulfill that obligation,” Time Warner Cable CEO Rob Marcus said. “That could be achieved by running the business on a stand-alone basis, allocating capital smartly, managing our balance sheet or engaging in M&A as an acquirer or as a seller.”
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This article was originally published on BGR.com
