Getting your Trinity Audio player ready...
NEW YORK, Dec 13 (Reuters) – Charter Communications Inc
is preparing to send an offer letter to acquire Time
Warner Cable Inc as soon as next week, a source close to
the matter said on Friday.
The offer is expected to be less than $135 per Time Warner
Cable share and will be a combination of cash and stock, said
the source, who asked not to be named because the matter is not
public.
Charter declined to comment. Time Warner could not be
immediately reached for comment.
Bloomberg earlier reported Charter’s bid plan.
