Charter close to securing funding for TWC bid

25 Nov 2013

Charter Communications is close to securing bank loans and cash from ‘sovereign wealth funds and wealthy individuals’ to finance a potential merger with Time Warner Cable (TWC), the Wall Street Journal reported late last week. However, according to a separate report by the WSJ, TWC is believed to prefer a tie-up with rival cableco Comcast, and has held talks with the latter in the hope of heading off a bid by Charter.