Cox, Charter merging?

[MartyDe]

Looks like these two are maybe merging.

https://finance.yahoo.com/news/us-cable-giants-charter-cox-111216275.html

 

[Bruce]

Looks like these two are maybe merging.

https://finance.yahoo.com/news/us-cable-giants-charter-cox-111216275.html

Yes they are, $34.5 Billion to purchase Cox.

 

[Don in CT]

They will take the Cox name after the merger.

 

[osu1991]

Kind of expected Comcast to eventually make a bid for Cox as close as they've been the past decade on equipment and such.

 

[Don in CT]

Kind of expected Comcast to eventually make a bid for Cox as close as they've been the past decade on equipment and such.

Comcast is too big and I think there is too much overlap in franchise areas.

 

[Bruce]

Kind of expected Comcast to eventually make a bid for Cox as close as they've been the past decade on equipment and such.

Comcast and Charter are both carrying a lot of debt right now, so I was surprised at the deal-

Comcast long term debt for the quarter ending March 31, 2025 was $92.274B
Charter Communications long term debt for the quarter ending March 31, 2025 was $93.164B

Charter Communications Long Term Debt 2010-2025 | CHTR

Charter Communications long term debt from 2010 to 2025. Long term debt can be defined as the sum of all long term debt fields. <ul style='margin-top:10px;'> <li>Charter Communications long term debt for the quarter ending March 31, 2025 was <strong>$93.164B</strong>, a...

www.macrotrends.net

Comcast Long Term Debt 2010-2025 | CMCSA

Comcast long term debt from 2010 to 2025. Long term debt can be defined as the sum of all long term debt fields. <ul style='margin-top:10px;'> <li>Comcast long term debt for the quarter ending March 31, 2025 was <strong>$92.274B</strong>, a <strong>1.91% decline</strong>...

www.macrotrends.net

 

[comfortably_numb]

New day, new merger. Still waiting for NBC Universal Comcast Taco Bell Mountain Dew Budweiser to happen!

 

[Don in CT]

New day, new merger. Still waiting for NBC Universal Comcast Taco Bell Mountain Dew Budweiser to happen!

Nothing can fix Budweiser.

 

[navychop]

New day, new merger. Still waiting for NBC Universal Comcast Taco Bell Mountain Dew Budweiser to happen!

"All restaurants are Taco Bell!"

 

[harshness]

They will take the Cox name after the merger.

Hindsight on the Spectrum name wasn't kind. I'm not sure Cox commands any more blue sky than Spectrum.

 

[glrush]

From the WSJ:

https://www.wsj.com/business/deals/charter-communications-to-merge-with-rival-cox-in-21-9-billion-deal-c70dcff9?st=TENFvA&reflink=desktopwebshare_permalink

 

[comfortably_numb]

Hindsight on the Spectrum name wasn't kind. I'm not sure Cox commands any more blue sky than Spectrum.

They're going to brand themselves as Spectrum:

"Within a year after the Charter-Cox deal closes, the combined company, which will be headquartered in Stamford, Conn., plans to change its name to Cox Communications. Spectrum will be the consumer-facing brand."

 

[harshness]

The $21.9 billion number omits around $12 billion in debt that Charter is assuming.