| Charter Communications is near a deal to buy Time Warner Cable for about $55 billion, a person with direct knowledge of the talks said on Monday, a takeover that would create a new powerhouse in the rapidly consolidating American cable industry. |
| Under the proposed terms of the deal, Charter will pay about $195 a share in cash and stock. That is roughly 14 percent higher than Time Warner Cable’s closing stock price on Friday — and 47 percent higher than Charter’s original bid for its rival from early last year. |
| A deal could be announced as soon as Tuesday, though this person cautioned that talks were continuing and might still fall apart. |
READ MORE » http://www.nytimes.com/2015/05/26/business/dealbook/charter-time-warner-cable-deal.html?emc=edit_na_20150525 |
