Charter Communications (CHTR) is reportedly in advanced discussions to merge with privately held Cox Communications in a cash-and-stock deal valuing Cox at over $30 billion including debt, Bloomberg reported Friday, citing unnamed people familiar with the matter.
The report said the Cox family would become the largest shareholder in the combined company, holding around a 20% stake and board seats.
A deal could be announced within days, though talks are ongoing and not finalized, Bloomberg said.
Charter and Cox did not immediately respond to MT Newswires' request for comment.
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