THR: Charter Communications, in which John Malone's Liberty Media owns a big stake, is nearing a deal to acquire Time Warner Cable for about $55.1 billion in cash and stock, Bloomberg News reported Monday, citing people familiar with the situation.
The deal's biggest opponents formed ‘Stop Mega Comcast Coalition’ to advocate against the $45 billion cable merger
Declaring the government review of Comcast's deal for Time Warner Cable is at “a critical moment,” some of the deal's big opponents announced plans Wednesday to join together to buttress their fight against the $45 billion cable merger.
More power to them; can't stand the thought of every movie, show, and online multiplayer video game being put under the heel of an unstoppable juggernaut like Comcast.
CS
Following news last month that 21st Century Fox had made a formal proposal to Time Warner to combine the two companies for $80 billion, 21st Century Fox now says they have withdrawn the offer. Here is the full statement:
Good choice, there really isn't that big of a benefit with this company. Especially with people catching on to them as a terrible ISP company.
Bloomberg
Twenty-First Century Fox Inc. is willing to pay more than $85 a share for Time Warner Inc., according to a person with knowledge of the matter, a sign Rupert Murdoch is undeterred after being rebuffed in an initial offer for the media company. Time Warner shares soared.
