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Actionable news in CHTR: Charter Communications, Inc.,

SoftBank hasn't given up on Charter, yet, sources say

Despite what appears to be a distinct lack of interest from Charter Communications management in pursuing a deal, SoftBank continues to make efforts to acquire the giant cable company, according to people familiar with the situation.

Reports of SoftBank's interest in combining Sprint, which it controls, with Charter first surfaced late Friday, and last night Charter released a statement that was intended to make it clear it has no interest in seeking a union.

That has not stopped SoftBank and its hard-charging founder Masayoshi Son from a quixotic attempt at cobbling together a buyout offer that has been described by those familiar with it as follows: SoftBank would contribute a sizable amount of equity to a new company, which would use that money and new debt financing to offer both Charter and Sprint shareholders a premium for their shares.

The offer would be at least 50 percent...


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