Business and Deals

Time Warner Cable, Cablevision Stocks Soar on Deal Speculation

TWC rises 8.5%; Cablevision up 10% on reports that Malone looking for deal 6/27/2013 05:34:55 PM Eastern

Shares of Time Warner Cable and Cablevision Systems soared Thursday after reports that Liberty Media chairman John Malone was "exploring scenarios" to construct a deal to purchase one or both companies through his latest cable holding, Charter Communications.

According to a report in Bloomberg News, Malone is looking for ways to facilitate a Charter purchase of TWC, either through borrowing against both assets to include more cash in a deal, or constructing a three-way purchase that would involve another MSO, perhaps Bethpage, N.Y.-based Cablevision Systems.

Officials at Time Warner Cable, Charter and Cablevision all declined comment.

Click here to read the full story at Multichannel News.


Alert to All Users of the Disqus commenting system:
Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Here's a URL about the issue: