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
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