Charter says it will acquire Cox Communications for $21.9B, valuing Cox at $34.5B including debt and uniting two of the biggest US cable and broadband operators
Our anti-trust laws have been severely underused. [embedded post] Spencer M Ross / @srossmktg.com : If we had a functional (read: not corrupt) Federal Trade Commission, this deal wouldn't go through. I blame Reagan. X: Dan Primack / @danprimack : Charter to buy Cox Communications for $35 billion https://www.axios.com/... Joe Flint / @jbflint : Charter and Cox are merging, a combination that will create a very large broadband and video company. Deal gives Cox an enterprise value of $34.5 billion. Deal includes Charter assuming Cox's $12 billion debt. Joe Flint / @jbflint : After Charter - Cox combo, company will be known as Cox but consumer biz will be Spectrum. From release: “The combined company will change its name to Cox Communications. Spectrum will become the consumer-facing brand within the communities Cox serves. The combined company will LinkedIn: Mark Greatrex : We're beginning a new chapter today. Our new combined company will have more resources to continue developing industry-leading products in connectivity … Alex Taylor : This morning, we announced an agreement to combine Cox Communications with Charter Communications. — This was a big decision that was made with a lot of deliberation over the last couple of years. … Dan Rayburn : Charter Communications announced it would buy privately held rival Cox Communications for $21.9 billion, uniting two of the largest U.S. cable and broadband operators. … Moses Stansberry : This morning, Charter Communications and Cox Communications announced an agreement to combine their businesses to create an industry-leading mobile … Dylan Jones : One of the hidden upsides of the collapse in cable network audiences is that mega-mergers of the operators can actually get done. … Forums: r/normanok : Charter to buy Cox for $21.9 billion in mega cable deal r/cordcutters : Charter to buy Cox for $21.9 billion in mega cable deal Msmash / Slashdot : Charter To Buy Cox For $21.9 Billion Amid Escalating War With Wireless See also Mediagazer