Charter reportedly arranging 25B in financing for potential Time Warner Cable Move
The Wall Street Journal is reporting that Charter Communications is seeking up to 25 billion in financing for a potential Time Warner Cable (TWC) deal. Charter Communications (CHTR) has a market cap of merely 14.06B compared to Time Warner Cable's (TWC) 38.56B. Charter is the 4th largest cable provider compared to Time Warner Cable the 2nd largest. John Malone's Liberty Media (LMCA) is a 27% holder of Charter Communication. John Malone formerly ran TCI Cablevision before it sold it's cable operations to AT&T (T) (whom later sold them to Comcast) and has been trying to find a way back in the door to the cable industry via Charter. A purchase of even pieces of Time Warner Cable by Charter would create a serious player. Today's news comes on the heels of previous rumors involving Comcast (CMCSA) being a joint player in a deal with Charter, along with yesterdays news that privately held Cox Communications was thinking of throwing it's hat into the ring as well to purchase Time Warner Cable.