Charter Communications has agreed to buy media giant Time Warner Cable in a cash and shares deal worth $78.7bn (£52bn). The cash element is worth $55bn, with the rest covered by Charter shares. The new company, which will also include Bright House networks, will be a broadband services and technology company serving 23.9 million customers in 41 states. It aims to compete with US cable market leader Comcast.
Time Warner Cable in $78.7bn takeover deal
