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

Rumors of a Takeover at Time Warner After Subscriber Losses

Time Warner Cable Inc’s (NYSE:TWC) spat with CBS lost the cable company 306,000 customers in the third quarter. The backslash from subscribers is now causing the company to be open to a takeover deal in hopes of boosting shareholder value. According to Reuters, Charter Communications, Inc. (NASDAQ:CHTR) is considering a bid to takeover Time Warner Cable by the end of the year. John Malone, the cable TV pioneer and the largest shareholder of Charter Communications has always had his eyes on Time Warner Cable. Rumors have always circulated on the street about Charter Communications acquiring Time Warner Cable, but it never materialized. Maybe this time, Time Warner’s recent setback will spearhead a deal.