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Bright House is Charter or Time Warner's next acquisition target in the ongoing cable industry consolidation

Written by Andre Yoskowitz @ 03 May 2015 11:00

Bright House is Charter or Time Warner's next acquisition target in the ongoing cable industry consolidation

Just a week after Comcast's proposed acquisition of Time Warner Cable was shut down by regulators, both Time Warner and rival Charter Communication have been in talks with smaller player Bright House for a potential acquisition.
Charter had agreed to acquire Bright House in March for $10.4 billion, but the deal was 100% contingent on Comcast's deal succeeding, and now has to be remade.

Bright House has a little over 2 million subscribers, but has steady cash flow and profits that make it attractive as a stepping stone to go after a larger fish, like Time Warner Cable, for example.

For Time Warner, an acquisition would be obvious as it would make their own company more expensive to purchase, would add on debt making them less attractive and take an asset away from a rival.

Many industry analysts believe a tie-up between Bright House, Charter and Time Warner is inevitable, and the combined entity would have around 25 million subscribers, close to Comcast's massive 27 million.

Source:
WSJ

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