Fresh Merger Talks Involving Time Warner Expected To Begin
LINDA WERTHEIMER, HOST:
The wooing of Time Warner Cable continues this week, with Charter Communications expected to take another shot at a merger bid.
But as NPR's Nathan Rott reports, no deal is expected to be struck anytime soon.
NATHAN ROTT, BYLINE: Charter Communications and its backer, Liberty Media Corporation, must be hoping that the third time's the charm.
This will be Connecticut-based Charter's third merger proposal to Time Warner since late last spring. But that's not to say that a deal won't happen. Jeff Kagan is an independent industry analyst.
JEFF KAGAN: The word is that Time Warner wants to be acquired.
ROTT: Though, he says nobody has said so officially. He does thinks that if Charter goes through with the expected proposal, which would offer less than $135 a share and stock, it could start a bidding war with other companies like Comcast and Cox jumping in.
KAGAN: This is going to be a fireworks event. We're going to have an interesting show to watch. And what it's going to look like when the dust settles is the question. I don't have an answer to that. I don't know anyone who has an answer to that.
ROTT: So, as the cable companies say, stay tuned.
Nathan Rott, NPR News.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.