Time Warner Cable, Cablevision Stocks Soar on Deal Speculation

TWC rises 8.5%; Cablevision up 10% on reports that Malone looking for deal

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.

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