Comcast Pops Into Time Warner Cable-Charter Drama
Time Warner Cable (TWC) stock shot up to an all-time high on Friday amid reports that Charter Communications (CHTR) is closer to making a formal acquisition offer and that Comcast (CMCSA) is seeking guidance from regulators on whether it can offer to buy Time Warner Cable under antitrust and ownership rules. Charter, whose biggest shareholder is John Malone-controlled Liberty Media (LMCA), is nearing an agreement with banks to raise funds for a