Alpha Diallo
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

No Love for Charter Communications

Shares of Charter Communications, Inc. (NASDAQ:CHTR) are experiencing the after effects of the proposed merger between Time Warner Cable Inc (NYSE:TWC) and Comcast Corporation (NASDAQ:CMCSA). Charter Communications had aggressively sought out Time Warner Cable as a merger suitor, but TWC’s eyes were more fixated on Comcast. According to TWC, there was more synergy with Comcast than Charter. Charter was desperately in love with TWC, but sometimes in life you don’t get the same reciprocal love from a potential suitor. Shares are currently down six percent.