NEW YORK (AP) Charter Communications,baby liverpool t shirt, formerly based in St. Louis, will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest TV and Internet providers in the U.S.
The deal comes a month after Comcast walked away from a bid for Time Warner Cable after intense pressure from regulators.
There has been a wave in consolidation in the cable industry. Providers are beginning to lose TV subscribers, costs for TV,cristiano ronaldo shirts real madrid, sports and movies are rising and they are facing more pressure from online video services such as Netflix and Hulu.
The deal for Time Warner Cable was backed by John Malone s Liberty Broadcast Corp.,liverpool 12 13 home kit by tasci, giving the cable pioneer a jewel he has pursued for years.
It also puts Charter in the same league with Comcast,dortmund shirt release, the country s biggest cable provider and the owner of NBCUniversal.
The bigger Charter will have nearly 24 million customers,manchester united jersey download, compared with Comcast s 27.2 million. Charter on Tuesday also said it would buy Bright House Networks, a smaller cable provider,download barcelona kits pes 2012, for $10.4 billion as part of the deal.
Liberty Broadband is expected to own about 20 percent of the bigger Charter,england goalkeeper jersey 2013.
Charter Communications Inc.,france national cycling jersey, based in Stamford,new bayern munich away kit, Connecticut,real madrid jersey for infants, will provide $100 in cash and shares of a new public parent company equal to 0.5409 shares of Charter for each outstanding Time Warner Cable Inc. share. The transaction values each Time Warner Cable share at about $195.71.
The companies on Tuesday valued New York-based Time Warner Cable at a total of $78.7 billion,liverpool shirt leaked, including debt.
(© Copyright 2015 The Associated Press. All Rights Reserved. This material may not be published,womens liverpool shirt, broadcast, rewritten or redistributed.)
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