Charter Communications acquiring Time Warner Cable

May 26, 2015

Charter Communications has announced a deal to buy Time Warner Cable
Credit WBFO News File Photo

A major deal has been announced in the American cable and broadcasting business.

Charter Communications will spend more than $55 billion to acquire Time Warner Cable. The cash-and-stock deal would instantly create one of the largest pay-television and broadband operators in the United States.

As part of the agreement, Charter will also buy Bright House Networks for more than $10 billion.

There is no word early Monday on how the acquisition will impact local employees and/or customers.