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 as early as tomorrow. This deal would boost Charter up from number four in the American cable hierarchy to number two.