Television & Radio M&A » By The Online Investor Staff, updated Tue., Mar. 9, 3:21 AM
Recent mergers and acquisitions in the Television & Radio M&A category.
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Slide #53. Charter Communications, Inc. — Bresnan Broadband Holdings, LLC
Acquirer:
Charter Communications, Inc. (NASDAQ:CHTR)
Acquiree:
Bresnan Broadband Holdings, LLC
Details:
Charter Communications, Inc. and Cablevision Systems Corporation announced that they have entered into a definitive agreement under which Charter Communications Operating, LLC will acquire Cablevision's Bresnan Broadband Holdings, LLC ("Optimum West") for $1.625 billion in cash. Optimum West manages cable operating systems in Colorado, Montana, Wyoming and Utah that pass more than 660,000 homes and serve 304,000 video subscribers and 366,000 customer relationships.
Charter Communications is a holding company. Through its subsidiaries, Co. is a broadband connectivity company and cable operator through its Spectrum brand. Co. provides a range of residential and business services including Spectrum Internet, TV, Mobile and Voice. For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services, while for larger businesses and government entities, Spectrum Enterprise provides customized, fiber-based solutions. Spectrum Reach® delivers advertising and production for the media landscape. Co. also distributes news coverage, sports and original programming through Spectrum Networks and Spectrum Originals.
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Avg. Broker Rec.
 
|
Buy (3.46 out of 4) 55th percentile
(ranked higher than approx. 55% of all stocks covered)
Analysts' Target Price: CHTR Stock Forecast Based on Zacks ABR data; powered by Xignite |
