trending Market Intelligence /marketintelligence/en/news-insights/trending/2X85BlZhKOh_v3hekRHmYQ2 content esgSubNav
In This List

Report: Charter recently rejected a $100B takeover offer from Verizon

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

Broadband revenues continue to grow in CEE


Report: Charter recently rejected a $100B takeover offer from Verizon

Charter Communications Inc. rejected a more than $100 billion takeover offer from Verizon Communications Inc., the New York Post reported May 31, citing sources familiar with the details.

The offer, which Verizon reportedly made in recent months, valued Charter's shares at $350 a share to $400 a share. Charter, however, found the offer too low and was not ready for a sale, according to the sources.

Sources said John Malone, the chairman of Liberty Media Corp., which controls Charter, wanted to give Charter more time to allow for the integration of its Time Warner Cable Inc. acquisition.

Reports earlier this year also indicated that Verizon CEO Lowell McAdam had reached out to officials close to Charter about a potential merger.