Confirming yesterday’s reports that Charter Communications was about to agree to a merger with Time Warner Cable, the company announced that it has greed to a $55 billion cash and stock deal to acquire Time Warner Cable. This values TWC at almost $80 billion, or about $195/share, and will result in a new company known as New Charter… Continue reading America’s second cable behemoth has just been born
Category: Business
Charter may be close to acquiring Time Warner Cable for $55 billion
Almost immediately after the Comcast-Time Warner Cable fell through, rumors that Charter was looking to acquire TWC started popping up, and have more or less been confirmed in the weeks since. According to reports from both Bloomberg and the Wall Street Journal, the acquisition is expected to be somewhere around $55 billion and could be announced… Continue reading Charter may be close to acquiring Time Warner Cable for $55 billion
MSI angrily denies rumors that it’s selling a piece of itself to Lenovo
It looks like the rumor that Lenovo was in talks to acquire MSI’s gaming laptop division are false. The rumor, which started circulating around the Internet earlier this week, claimed that MSI was in the market to sell its gaming laptop division due to increased competition, and Lenovo was the most likely buyer. Lenovo has… Continue reading MSI angrily denies rumors that it’s selling a piece of itself to Lenovo
Alibaba needs to be much more than just the “Amazon of China”
Alibaba has been called the “Amazon of China,” and has certainly been dominating in its home country, but the Chinese e-commerce giant has little influence overseas. This is something that the company’s new CEO, 43-year-old Daniel Zhang , believes needs to change if Alibaba wants its success to continue. This is why he wants to begin… Continue reading Alibaba needs to be much more than just the “Amazon of China”
Verizon is acquiring AOL for $4.4 billion in an all-cash deal
Verizon took a major step into the new media world today when it announced that it will be acquiring AOL for $4.4 billion in an all-cash deal. The pricing at $50 per share is about 17% higher than AOL’s current $42 share price, and will put big websites such as the Huffington Post and TechCrunch under Verizon’s control, not to… Continue reading Verizon is acquiring AOL for $4.4 billion in an all-cash deal