Bright House Networks

Malone trumps Drahi to strike merger deal with Time Warner Cable

Cable magnate John Malone-backed US cable operator Charter Communications has struck a deal to merge with Time Warner Cable and acquire US number six cable operator Bright House Networks in a deal that values Time Warner Cable at US$78.7 billion (€71.6 billion).  Charter is to pay US$195.71 a share, representing a premium of about 14% […]

Charter to acquire Bright House for US$10 billion

US cable operator Charter Communications is to acquire fellow cable providers Bright House Networks for US$10.4 billion (€9.7 billion). Bright House is the sixth largest cable operator in the United States, and serves approximately 2 million video customers in central Floridaincluding Orlando and Tampa Bay, as well as Alabama, Indiana, Michigan, and California. Under the new proposed structure, Bright House owner Advance/Newhouse is expected […]