Charter and Cox to Merge in $34.5 Billion Deal, Creating Cable and Wi-Fi Giant

3 months ago 9

Rommie Analytics

Charter Communications and Cox Enterprises on Friday said they are merging in a $34.5 billion deal, creating a juggernaut in cable and Wi-Fi. The proposed merger comes as cable providers continue to bleed video subscribers and look to have more scale into their more stable broadband businesses. The announcement is the rare M&A deal this year, when a topsy-turvy stock market and economics news have kept companies on the sidelines. At the same time, lots of companies will watch these deal closely as it will be a test case for President Donald Trump's regulators who were believed would go . . .
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