Bright House Networks and Charter deal looking less likely
According to Reuters Bright House Networks may look to kill its impeding merger with Charter Communications. After pressure from regulators put an end to Comcast's effort to purchase Time Warner Cable, rumors started circulating that Charter wanted to resurrect its bid for the beleaguered company. Comcast backing out of the TWC deal triggered a clause in the Bright House / Charter agreement that would allow the two to renegotiate the terms of their merger. The 30 day window for the renewed contract talks ends in roughly two weeks, and sources have suggested that Bright House may want to put the kibosh on the acquisition. According to the Reuters report, Bright House appears to have decided that its in the company's best interest to remain independent. Part of that decision is likely fueled by an existing agreement with Time Warner, where the larger provider negotiates programing rates for Bright House and shares its technology with it. A merger with Charter would kill the existing arrangement and weaken its negotiating position.
