Charter buys Time Warner
NEW YORK-Time Warner Cable is getting bought again.
Charter Communications has agreed to buy the nation’s second largest cable company in a deal worth $79 billion.
Charter hopes the larger size will give it more leverage in negotiations with cable channels and streaming services such as Netflix.
It will also expand the company’s presence in broadband internet.
But it could face a tough road with regulators who scuttled Time Warner’s earlier planned merger with Comcast.