Log Out | Member Center

79°F

93°/71°

Report: Cox interested in acquiring Time Warner Cable

  • Reuters
  • Published Tuesday, Nov. 26, 2013, at 4:08 p.m.

Privately held Cox Communications is considering bidding for Time Warner Cable either on its own or as part of a joint bid, the Wall Street Journal reported on Tuesday, citing anonymous sources.

Recent media reports suggest Time Warner Cable is currently being circled by Charter Communications and top cable provider Comcast could jump into the fray with a joint bid for Time Warner Cable along with Charter.

A Cox spokesman declined to comment on the report. A Time Warner Cable spokeswoman did not immediately respond on Tuesday.

Time Warner Cable shares jumped $5.02, or 3.8 percent, to $136.39.

Cox, with 4.5 million subscribers, has cable markets on the West Coast, including in southern California, where it has neighboring cable systems to Time Warner Cable. Time Warner Cable, the U.S. No. 2 cable operator, is a larger company than Cox with about 12 million video subscribers.

Georgia-based Cox Communications, which is a cable TV, Internet and phone provider in Wichita and other Kansas communities, is a unit of Cox Enterprises. The company has been viewed as an acquisition target in the past but says it is not for sale.

Subscribe to our newsletters

The Wichita Eagle welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views. Please see our commenting policy for more information.

Have a news tip? You can send it to wenews@wichitaeagle.com.

Search for a job

in

Top jobs