Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Spectrum broadband owner Charter agrees $34.5bn cable tie-up with Cox
Economy

Spectrum broadband owner Charter agrees $34.5bn cable tie-up with Cox

Last updated: May 16, 2025 6:55 am
Share
Spectrum broadband owner Charter agrees .5bn cable tie-up with Cox
SHARE

Stay informed with free updates by signing up for the Media myFT Digest, delivered directly to your inbox.

Charter has recently announced a groundbreaking $34.5 billion deal to acquire Cox, creating a powerhouse in the cable industry by combining two of the largest companies in the US. This strategic move will give them a significant presence spanning from the New York area to southern cities like Atlanta.

The deal comes at a critical time for cable television operators, who are facing increasing pressure as more viewers are cutting the cord and turning to streaming services. The transaction values Cox’s equity at $21.9 billion and gives the company an enterprise value, including debt, of $34.5 billion.

In a statement released on Friday, the companies highlighted that the deal would not only benefit their business but also bring jobs back to America. This move is likely aimed at gaining the support of US President Donald Trump, as the transaction is expected to encounter antitrust challenges.

Cox, a well-established 127-year-old family-run media empire based in Atlanta, will have its name preserved through the merger. The combined company, Charter and Cox, plans to rebrand as Cox Communications within a year of the merger’s completion.

It’s important to note that the deal only includes Cox’s communication assets, allowing the family to retain media properties such as Axios and the Atlanta Journal Constitution newspaper. As part of the agreement, Cox shareholders will receive $11.9 billion in equity, $6 billion in a convertible note, and $4 billion in cash, making them owners of about 23% of the combined company post-transaction.

See also  Where Ripple Could Be by 2025, 2026, and 2030

Following the announcement, Charter shares experienced a 2% pre-market decline in New York. This acquisition is the latest strategic move by Charter shareholder John Malone, a prominent cable investor known as the “cable cowboy,” to consolidate the industry amidst tough competition from streaming services and high debt levels required for infrastructure investments.

Malone recently unveiled plans to merge Charter with Liberty Broadband, the largest investor in broadband operator Spectrum. The acquisition of Cox is expected to coincide with Charter’s deal to purchase Liberty, with the latter agreeing to support the combination.

Charter currently provides cable and broadband services to 57 million households across 41 states, with a network infrastructure reaching over 30 states and 12 million homes and businesses. The company anticipates annual savings of $500 million within three years, aiding in managing the $12 billion debt inherited from Cox.

Financial terms of the deal were advised by Citigroup and LionTree for Charter, with legal counsel provided by Wachtell. Cox received advice from Allen & Co, BDT & MSD, Evercore, and Wells Fargo, with legal representation from Latham & Watkins.

This transformative acquisition sets the stage for a new era in the cable industry, with Charter and Cox poised to lead the way in delivering innovative and cutting-edge services to customers nationwide. Stay tuned for more updates on this exciting development.

TAGGED:34.5bnagreesbroadbandCableCharterCoxOwnerSpectrumtieup
Share This Article
Twitter Email Copy Link Print
Previous Article New audio tech could let you listen privately without headphones New audio tech could let you listen privately without headphones
Next Article Fewer Rules, Better People: Lam on Legalism’s Moral Cost Fewer Rules, Better People: Lam on Legalism’s Moral Cost
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

No Pardon for R. Kelly While Joycelyn Savage’s Still Under His Control, Family Says

R. Kelly Joycelyn Savage's Family Speaks Out Against R. Kelly's Pardon Request They Believe He…

June 18, 2025

Trump’s ‘tough it out’ to pregnant women meets wave of opposition by medical experts

Federal health officials have sparked controversy with their recent advisories regarding the use of Tylenol…

September 24, 2025

Appeals Court Restores Trump’s Control of California National Guard

Originally published by The Epoch Times: Appeals Court Reinstates Trump's Command Over California National Guard…

June 14, 2025

AI Won’t Wait: How Retail And Banking Leaders Can Keep Pace

Octavio Marquez serves as the president and CEO of Diebold Nixdorf (NYSE: DBD), a leading…

October 5, 2025

Untitled Drill Game Crafting guide

Crafting is an essential mechanic in Untitled Drill Game that allows players to create powerful…

May 7, 2025

You Might Also Like

This Analyst Just Hiked Their UnitedHealth Stock Price Target by 50%. Should You Buy UNH Now?
Economy

This Analyst Just Hiked Their UnitedHealth Stock Price Target by 50%. Should You Buy UNH Now?

October 10, 2025
Why Is Wolfspeed Stock Soaring Today?
Economy

Why Is Wolfspeed Stock Soaring Today?

October 10, 2025
When Godzilla Breaks Windows
Economy

When Godzilla Breaks Windows

October 10, 2025
Peter Schiff Describes Bitcoin’s Jump Over 6,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’
Economy

Peter Schiff Describes Bitcoin’s Jump Over $126,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?