Charter, Comcast Reach $20 Bln Deal - Presented by: The Aol. On Network

Charter lost out to Comcast in the battle for Time Warner Cable, but it extracted a big consolation prize. It'll get nearly 4 million subscribers from the combined Comcast-Time Warner, and that would vault it from fourth to second among cable operators. The deal is valued at $20 billion. It works like this: Comcast pays more than $7 billion to get 1.4 million Time Warner customers. Comcast then spins off 2.5 million customers into a new company in which Charter will buy a stake.



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