Charter and Bright House form the latest big cable union
Charter Communications said Tuesday that it would buy Bright House Networks in a cash-and-stock-deal valued at $10.4 billion to expand in Florida. Bright House has about 2 million video customers in central Florida, and Charter stock surged on the deal Tuesday Morning.
Charter Communications said Tuesday that it would buy Bright House Networks in a cash-and-stock-deal valued at $10.4 billion to expand in Florida. Bright House has about 2 million video customers in central Florida, and Charter stock surged on the deal Tuesday Morning.
Cable television operator聽Charter聽Communications Inc said it would buy Bright House Networks in a cash-and-stock deal valued at $10.4 billion to expand in聽Florida.
Charter's shares rose 9 percent in premarket trading on Tuesday after Reuters reported the deal earlier in the day. A portion of the joint announcement from the two companies is below:
Bright House, controlled by the Newhouse family, has about 2 million video customers in聽central Florida, includingOrlando聽and聽Tampa Bay聽as well as聽Alabama,聽Indiana,聽Michigan, and聽California.聽