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Big offer for Time Warner Cable unsettles the cable industry

David Gelles 

Charter Communications sought to upend the cable television industry on Monday, offering $37.8 billion to acquire Time Warner Cable, the country's second-largest cable operator. If successful, Charter would take control of a leader in the lucrative business of providing cable television, high-speed Internet and phone services to millions of Americans' homes, placing itself in direct competition with Comcast, the industry leader. But Charter, a smaller cable operator, faces several hurdles in its pursuit of Time Warner Cable. And Time Warner Cable made it clear that it was not ...

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First Published: Wed, January 15 2014. 00:15 IST