Time Warner and Charter reportedly drawing up plans for mega-merger
Media conglomerate Time Warner Cable is reportedly locked in talks with Charter Communications with a view to green lighting a proposed mega-merger, which would allow both businesses to benefit from economies of scale.
It follows a failed $45bn bid by Comcast for the firm which drew to a close a succession of acrimonious, unsolicited takeover bids by Charter in 2013 and 2014.
No formal offer has yet been received this time but Time Warner Cable harbours hope that Charter may be inclined to up its offer in its latest move, according to Reuters.
Citing sources close to negotiations Reuters reports that Time Warner views a tie-up with Charter more favourably than it did previously owing to its smaller rivals stock performance but remains open to rival offers.