Charter Communications will officially buy Time Warner Cable (TWC) in a deal that values the latter company at $78.7 billion — so long as the transaction is approved by shareholders and the customary regulatory review, that is.
The deal values TWC shares between $195.71-$200 apiece. Charter will alternatively provide an election option to Time Warner Cable shareholders which combines cash ($115) and shares of the new company.
Additionally, Charter’s prior deal to buy Bright House Networks has been revised as a result of this big one, the company said on Tuesday, forming a partnership between Charter and Bright House’s parent company, the Advance/Newhouse alliance.