Maffei: Charter Deal Could Lead to Other Cable Buys
Liberty CEO tells CNBC Charter is "rare" opportunity
By Mike Farrell, Multichannel News -- Broadcasting & Cable, 3/19/2013 5:18:23 PM
Liberty agreed Tuesday to acquire 26.9 million shares of Charter stock and 1.1 million warrants from three major shareholders for about $2.617 billion. The deal is expected to close in the first half of the second quarter.
In an interview with CNBC's "Squawk Box," Tuesday, Maffei said that Liberty is impressed with Charter's management team, led by CEO Tom Rutledge and praised its business plan.
"If opportunities arise for incremental acquisition, that's only a further benefit," Maffei told CNBC.
Click here to read the full story at Multichannel News.
If Liberty buys U-verse, it will lift AT&T's burden on its' fiber broadband allowing the telecom to focus more on it's wireless products.
I wish Liberty would buy AT&T's U-verse so the telcom wouldn't have to deal it's customers complaining, giving the company to focus more on wireless.
Josh Taylor - 3/19/2013 8:13:26 PM EDT
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