Charter/Bright House Wedding Still On

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WeddingIn the wake of the breakup of the Comcast/Time Warner Cable wedding, it has been widely speculated that the pending Charter/Bright House would hit the skids now that TWC is possibly on the market.


Not so, said both Charter and Bright House.

The $10.4B deal is said to be on, and the companies are in negotiation under the same basic “economic and governance terms” as announced previously.

What they have done is added another 30 days to the negotiation window.

“Bright House and its employees have created a high quality service operation, and the addition of Bright House brings additional scale and strategic flexibility to Charter over time. We look forward to completing the transaction as planned, and our teams are working together to make that happen.”

Steven Miron, Chief Executive Officer of Bright House Networks said, “We continue to be excited about the transaction with Charter. We believe this combination positions the new company to become an industry consolidator and growth platform to develop innovative products in serving customers, growing market share and creating value for shareholders.”

RBR+TVBR observation: Charter is seen as one of the logical suitors for TWC. In fact, it was a suitor for TWC until it lost out to the ill-fated Comcast deal. Some are saying that if Charter acquires Bright House, it would be in an even stronger position to make a play for TWC. The only thing to do is to stay tuned.