Charter Communications announced a public offer to acquire Time Warner Cable for about $132.50 per share, including $83 in cash and the remainder in Charter stock.
The deal would combine the fourth-largest cable operator in the United States (Charter) with the second largest cable operator (Time Warner Cable).
Time Warner Cable , which had 2012 revenue of $21.4 billion, serves 15 million customers in 29 states.
Charter, which had 2012 revenue of $7.504 billion, serves more than 5.7 million customers in 29 states
http://ir.timewarnercable.com/investor-relations/default.aspx
