Time Warner to be sold to Charter in $55B deal (Video)

Time Warner Cable has agreed to a $55 billion acquisition with Charter Communications. The deal also includes Bright House Networks, which is based in Syracuse, being sold to Charter for $10.4 billion. Time Warner (NYSE: TWC) is one of the main cable TV providers in New York City, and is the main supplier in Western and Upstate New York. Here is the announcement from Time Warner. St. Louis-based Charter (NASDAQ: CHTR) said it would fund the deal with cash and stock. If approved, the new company…
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