Charter Communications Inc. is near an agreement to buy Time Warner Cable Inc. for $55.1 billion in cash and stock, according to people familiar with the matter, a takeover that would create a new powerhouse in the rapidly consolidating U.S. cable industry. Time Warner is the dominant cable company in the Kansas City area.
Charter Communications Inc. is near an agreement to buy Time Warner Cable Inc. for $55.1 billion in cash and stock, according to people familiar with the matter, a takeover that would create a new powerhouse in the rapidly consolidating U.S. cable industry. Time Warner is the dominant cable company in the Kansas City area. File photo by Jeff Roberson The Associated Press
Charter Communications Inc. is near an agreement to buy Time Warner Cable Inc. for $55.1 billion in cash and stock, according to people familiar with the matter, a takeover that would create a new powerhouse in the rapidly consolidating U.S. cable industry. Time Warner is the dominant cable company in the Kansas City area. File photo by Jeff Roberson The Associated Press

Merger of Time Warner Cable, Charter Communications would create a multimedia powerhouse

May 25, 2015 08:16 PM