16-05-2025
Charter Agrees to Combine With Cox in $34.5 Billion Deal
Charter Communications Inc. has agreed to combine with Cox Communications in a cash-and-stock deal valued at about $34.5 billion including debt. The combined company would be the top broadband operator in the US, increasing Charter's subscriber base by more than 20%, and would position them to better compete in a converging market. The Cox family will be the largest shareholder in the combined company, with a stake of about 23%, and will have seats on the board, with the company's name changing to Cox Communications within a year of closing. Craig Moffet, Senior Research Analyst at Moffettnathonson breaks down what this means for the broadban giants (Source: Bloomberg)
