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Charter details Time Warner Cable takeover plan

By Associated Press

POSTED:
LAST UPDATED: 03:57 a.m. HST, Jan 15, 2014


STAMFORD, Conn. >> Charter Communications is offering more details on its plans to bid around $132.50 per share to take over Time Warner Cable.

The cable company says the contemplated offer is 38 percent higher than where its target's stock was trading when it first made a bid in June.

Charter released a presentation online Tuesday with more details on the $38 billion proposal. It says a takeover would create value through joint sales and marketing, cost savings and technology cooperation. Charter will brief investors on the proposal later Tuesday.

Time Warner Cable has called the offer "a non-starter." Charter says its rival's hope for a better deal is "unrealistic."

Market participants believe a better offer is possible. Time Warner Cable Inc. shares are up 3.1 percent at $136.50 in midday trading.







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inlanikai wrote:
As an Oceanic/TWC subscriber I hope Charter takes them over. The CEO of Charter is the guy that pioneered Cablevision on the East coast with cutting edge technology and user experiences too many to mention here. I blame TWC parent and ex-CEO Glen Britt for the 20th century technology that plagues Oceanic today, overpriced behind-the-times technology and their continuing loss of video subscribers. Welcome to Hawaii, Charter. I hope you get this deal done.
on January 14,2014 | 01:32PM
Poipounder808 wrote:
Having had both TWC for years and now Hawaiian Telcom I can honestly say TWC is behind the times in technology. Both need better customer service .
on January 14,2014 | 01:47PM
GooglyMoogly wrote:
Not sure how I feel about this one. I never had any issues with TWC when I was with them. That being said, I'm loving HT's new fiber service. The downstream speed is NBD, but their upload speeds are higher than TWC's. When backing up over a terabyte of data to cloud services, it makes all the difference. Forgot to mention that HT's cable TV service is more responsive and isn't plagued by compression artifacts like TWC.
on January 14,2014 | 02:46PM
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