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May 26, 2015

Charter Communications to Buy Time Warner in Major Merger 
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The third largest cable TV provider in the United States, Charter
Communications, has reached a deal to buy the second largest cable
operator, Time Warner Cable, for $55 billion. By acquiring Time Warner
and another smaller firm, Charter will reportedly quadruple its customer
base to 24 million people. The move comes after an earlier bid by
Comcast to buy Time Warner failed amid mass opposition.

 

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