How Charter's Time Warner cable bid woke up a 'sleeping beast'


Comcast headquarters in downtown on Feb 13, 2014 in Philadelphia, Pennsylvania. Comcast recently announced its intent to acquire Time Warner Cable in a US$45bil deal - AFP Photo.

NEW YORK: Talks between Comcast Corp and Charter Communications Inc over how they could together buy Time Warner Cable Inc quickly soured as the two bickered over price and the feasibility of engineering a split of the No 2 US cable operator.

Charter, backed by billionaire John Malone's Liberty Media Corp, had been pursuing Time Warner for months, but was not making any headway as its larger rival – nearly three times its size by market value – asked for US$8bil more than what it had offered.

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