With Comcast out, Charter eyes Time Warner Cable merger again
Comcast is out, but that doesn't mean Time Warner Cable is off the market. Charter, which already cast a losing bid for the provider in 2014, is considering trying to acquire TWC again, according to the Washington Post. Charter's continued interest isn't much of a surprise. In February CEO Tom Rutledge said that if the Comcast deal fell through, he might make another offer. Being the fourth largest cable TV provider, it might not be subject to the same level of regulatory scrutiny as Comcast, which is the nation's largest. But, Charter already began moving on a consolation prize last month in Bright House Networks. So getting approval to swallow up the second largest pay-TV provider in the country won't be easy if it does decide to carry through with a bid. There's also no guarantee that Time Warner Cable will accept a bid from Charter, which had its original offer of roughly $130 per share rebuffed in 2013.
