Charter Communications buying cable rival Cox for…
Charter Communications mentioned Friday it will buy privately held rival Cox Communications for $21.9 billion, uniting two of the biggest US cable and broadband operators as they battle streaming giants and cell carriers for prospects.
American media corporations are contemplating choices for their once profitable cable TV companies that are now in decline as tens of millions of shoppers pivot to streamers such as Netflix.
The merger — one of the largest offers of the yr globally — will help Charter higher bundle broadband and cell companies, as it tries to keep prospects from…
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