California gives final approval to Charter's $21.9 billion Cox acquisition

CHTR Charter Communications Inc

$109.67 +2.53%

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1. 1The California Public Utilities Commission has unanimously approved Charter Communications' (CHTR) $21.9 billion acquisition of Cox.
2. 2The deal is conditioned on a five-year low-income tier, at least $275 million in network investment, and a $30 million state fund contribution.
3. 3Combined, Charter will have roughly 31 million and Cox 6 million subscribers, making it the largest internet and video provider in the US.

Source The Wall Street Journal +1 · View original ↗

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