Charter Plans to Buy Time Warner Cable for $55 Billion

Charter Communications has agreed to buy Time Warner Cable for a coolheaded $ 55 billion , and while the uniting wo n’t be as massive as the Comcast - TWC wad that was recently bourgeon down , the further integration of overseas telegram giants is n’t right news for consumers .

http://apps.fcc.gov/ecfs/comment/view?id=60001009507

And while we might hope that the Federal Communications Commission will get involved to block the deal , that may not be the case . Bloomberg notesthat , according to its sources , the FCC ’s chairman Tom Wheeler has called chief executive officer at both Time Warner and Charter “ to dispel impression that industriousness mergers wo n’t be approved by regulators , ” telling them that “ any transaction would be gauge on merit , and there was no prostrate ban on cable television combinations . ” We ’ll have to obtain close and see if the deal does go onward as Charter would like it to . [ Bloomberg ]

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