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Charter Readying for TWC Bid

  • Aired: 1/22/2013
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Synopsis >

This little fish could be angling for the bigger fish, again. Charter Communications is trying to line up money to buy Time Warner Cable. The Wall Street Journal reports it's getting closer to a multi-billion dollar debt deal with Bank of America, Barclays and Deutsche Bank. It says Charter would need to raise $25 billion in cash to satisfy Time Warner investors. Charter could also raise cash from sovereign wealth funds and rich individuals.

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