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Why did Charter Communications purchase Time Warner Cable?

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Charter Communications said Wednesday it has completed its acquisition of Time Warner Cable and Bright House Networks, creating the second-largest U.S. broadband provider and third-largest pay TV provider. read more

Charter buys Time Warner Cable in $55B deal. Charter Communications said Tuesday it's buying Time Warner Cable valued at about $79 billion, forging ahead with its theory that gaining more customers would provide the leverage it needs to grow in the turbulent pay-TV industry. read more

Time Warner Cable failed in its efforts to win wider carriage for the two-year-old Dodgers channel. Only Charter (and the former Time Warner Cable) offers the channel in its lineup. read more

On May 6, the U.S. Federal Communications Commission confirmed it had approved Charter’s acquisitions. Last week, California state regulators approved the deal. Charter has valued its deal for Time Warner Cable at $56.7 billion, excluding debt, and the acquisition of Bright House at $10.4 billion. read more

The offer is based on Charter's 60-trading day volume weighted average price. Charter also will provide Time Warner Cable shareholders an option to receive $115 in cash and shares of the new company. GOOD DEAL: Time Warner Cable fetches 22.3% more in 'new' cable merger. Charter's pre-market shares advanced about 4%. Time Warner Cable's rose 8%. read more

Charter Communications has completed its purchase of Time Warner Cable and Bright House Networks, a mammoth merger that sweeps together 25 million customers in 41 states and reorders the landscape for high-speed Internet and pay-TV service. read more

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