Cable companies Charter and Cox to merge
From CNBC: 2025-05-16 06:57:00
Charter Communications and Cox Communications, two of the largest cable companies in the U.S., have agreed to merge in a deal valued at $34.5 billion. Charter’s second-largest publicly traded cable company status behind Comcast will now be bolstered by Cox’s significant presence in the industry.
The transaction will see the combined company change its name to Cox Communications within a year after the deal closes. Charter’s Spectrum brand will become the consumer-facing brand across all customers. Charter CEO Chris Winfrey will remain president and CEO, while Alex Taylor, chairman and CEO of Cox Enterprises, will become chairman of the board.
The merger with Cox comes after Charter announced it would acquire Liberty Broadband in an all-stock deal that simplifies cable scion John Malone’s portfolio. The merger agreement with Cox is expected to close at the same time as the Liberty Broadband merger, according to the companies.
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