It’s official: Charter Communications and Time Warner Cable are merging in a deal worth $78.7bn

Charter Communications and Time Warner Cable (TWC) have confirmed that they will be merging in a deal that values TWC at around $78.7 billion. In addition to the merger, the two companies today announced the acquisition of Bright House Networks for $10.4 billion. This was an amendment of an earlier deal signed in March. Confirmation of the deal follows yesterday’s rumors about a potential acquisition. This post is being updated.  ➤ Charter Communications to Merge with Time Warner Cable and Acquire Bright House Networks [Press release]

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