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TAGGED AS TOM RUTLEDGE

Charter announces deal to buy Timer Warner Cable

Media | 05/26/2015 3:05 pm EDT

Charter Communications Inc. announced Tuesday it is acquiring Time Warner Cable Inc. for $78.7 billion US, including the assumption of debt. At the same time, Charter Communications said in a press release that it is buying a majoriy Bright House Networks LLC for $10.4 billion US. Charter CEO Tom Rutledge said in the release that the new union of the three companies will bring new and innovative ideas to create better products to benefit 23.9 million customers spanning 41 states across the United States. “With our larger reach, we will be able to accelerate the deployment of faster...