Comcast, Charter Said to Weigh Bid to Buy and Divide Time Warner Cable
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Comcast Corp. and Charter Communications Inc. have discussed a joint bid for Time Warner Cable Inc. to divide its assets between them, people with knowledge of the matter said.
The talks between Comcast and Charter were preliminary, and a Time Warner Cable breakup is one option amid several under consideration, said the people, who asked not to be identified because the deliberations are private. Portions of Time Warner Cable would complement each company’s coverage area, the people said.
Earlier it seemed that Comcast and Charter were weighing individual bids for Time Warner Cable Inc. A Comcast-Time Warner Cable pact would unify the largest cable providers in the U.S., while Charter would be buying a much larger rival if it bought Time Warner Cable on its own.
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