--- description: The combined cable company would have 23 million total subscribers title: Charter Nearing $55 Billion Deal to Acquire Time Warner Cable image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [deals](/tag/deals/) ## deals Update your preferences in [Account Settings](/account/preferences/) Close # Charter Nearing $55 Billion Deal to Acquire Time Warner Cable by [Georg Szalai / The Hollywood Reporter](/author/the-hollywood-reporter/) ## Georg Szalai / The Hollywood Reporter Update your preferences in [Account Settings](/account/preferences/) Close May 25, 2015 4:41 PM CUT by [Georg Szalai / The Hollywood Reporter](/author/the-hollywood-reporter/) ## Georg Szalai / The Hollywood Reporter Update your preferences in [Account Settings](/account/preferences/) Close May 25, 2015 4:41 PM CUT Charter Communications, in which John Malone’s Liberty Media owns a big stake, is nearing a deal to acquire Time Warner Cable for about $55.1 billion in cash and stock, [_Bloomberg News_ reported Monday](http://www.bloomberg.com/news/articles/2015-05-25/charter-said-to-near-deal-for-time-warner-cable-at-195-a-share "undefined"), citing people familiar with the situation. Comcast recently abandoned plans to buy Time Warner Cable amid regulators’ opposition. Charter would pay about $195 per share, with $100 a share of that coming in cash and the rest in stock, according to the Bloomberg report. It is also expected to take on debt. The combined cable company would have 23 million total subscribers, second in the cable industry to Comcast’s roughly 27 million customer relations as of the end of the first quarter. The deal could be announced as early as Tuesday, _Bloomberg_ said. A spokesman for Time Warner Cable declined to comment. Charter representatives couldn’t immediately be reached for comment. _This_ [_article_](http://www.hollywoodreporter.com/news/charter-nearing-55-billion-deal-797882?utm%5Fsource=Sailthru&utm%5Fmedium=email&utm%5Fterm=hollywoodreporter%5Fbreakingnews&utm%5Fcampaign=THR%20Breaking%20News%5Fnow%5F2015-05-25%2009%3A12%3A31%5FHLewis "undefined") _originally appeared on_ [_The Hollywood Reporter_](http://www.hollywoodreporter.com/ "undefined")_._ _More from The Hollywood Reporter:_ * [Time Warner Cable Stock Rises on Speculation of a Charter Bid](http://www.hollywoodreporter.com/news/time-warner-cable-stock-rises-791288 "undefined") * [Comcast CEO Touts NBC Turnaround, Talks M&A Outlook After Failed Time Warner Cable Deal](http://www.hollywoodreporter.com/news/comcast-ceo-talks-nbc-deals-793064 "undefined") * [Montel Williams Calls Josh Duggar a “World Class Bigot” and “Slimebag”](http://www.hollywoodreporter.com/news/montel-williams-calls-josh-duggar-797646?source=gravity "undefined") ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3895604/charter-communications-time-warner-deal/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3895604/charter-communications-time-warner-deal/"},"headline":"Charter Nearing $55 Billion Deal to Acquire Time Warner Cable","datePublished":"2015-05-25T16:41:50.000Z","dateModified":"2026-02-22T07:36:11.259Z","description":"The combined cable company would have 23 million total subscribers","url":"https://time.com/3895604/charter-communications-time-warner-deal/","keywords":["deals"],"thumbnailUrl":"","author":[{"@type":"Person","name":"Georg Szalai / The Hollywood Reporter"}],"articleSection":"Business","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/deals/","name":"deals"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/3895604/charter-communications-time-warner-deal/","name":"Charter Nearing $55 Billion Deal to Acquire Time Warner Cable"}}]},{"@context":"https://schema.org","@type":"VideoObject","name":"TIME Tech School: Which TV Streaming Service is Right for You?","description":"With several new TV streaming options available, it can be hard to decide what to choose. 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