With Comcast out, Constitution eyes Time Warner Cable merger once more

With Comcast out, Charter eyes Time Warner Cable merger again

Comcast is out, however that does not imply Time Warner Cable is off the market. Constitution, which already forged a dropping bid for the supplier in 2014, is contemplating making an attempt to accumulate TWC once more, based on the Washington Submit. Constitution’s continued curiosity is not a lot of a shock. In February CEO Tom Rutledge stated that if the Comcast deal fell by means of, he may make one other supply. Being the fourth largest cable TV supplier, it won’t be topic to the identical degree of regulatory scrutiny as Comcast, which is the nation’s largest. However, Constitution already started shifting on a comfort prize final month in Brilliant Home Networks. So getting approval to swallow up the second largest pay-TV supplier within the nation will not be straightforward if it does determine to hold by way of with a bid. There’s additionally no assure that Time Warner Cable will settle for a bid from Constitution, which had its unique supply of roughly $one hundred thirty per share rebuffed in 2013.

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