The comments by Charter CEO Tom Rutledge and Liberty Media CEO Greg Maffei on CNBC this morning may account for the 2% dip today in Time Warner Cable’s stock price. Investors are betting that Charter will make a rich offer for the No. 2 cable company. But Rutledge says that while a TWC deal could make sense, “Charter doesn’t need to do any acquisitions to be a successful company.” That was echoed by Maffei, whose company owns 27% of Charter. Although a deal with TWC would make Charter “even more attractive,” it “is not the only one” that could help.
By DAVID LIEBERMAN, Financial Editor | Tuesday December 3, 2013 @ 1:52pm ESTTags: Charter Communications, Greg Maffei, Liberty Media, Time Warner Cable, Tom Rutledge
For all of Deadline's headlines, follow us @Deadline on Twitter.
This article was printed from http://www.deadline.com/2013/12/charter-and-liberty-media-ceos-say-they-can-grow-without-time-warner-cable-video/
Deadline Investigates CSS
SUBSCRIBE TO DEADLINE NEWS
News/Opinion PollLoading ...
By The Numbers
Box Office PollLoading ...
Disney’s ‘Maleficent’ – Legacy Featurette