Charter Communications Inc. and Cox Communications have announced a definitive agreement to combine their businesses, creating a leading entity in the mobile and broadband communications industry. The merger, valued at approximately $34.5 billion, aims to enhance seamless video entertainment and high-quality customer service for employees, customers, communities, and shareholders. This transaction is expected to coincide with the previously announced Liberty Broadband merger, after which Liberty Broadband will no longer be a direct shareholder in Charter. Upon completion, Charter, Cox Enterprises, and Advance/Newhouse will enter into a revised stockholders agreement to govern shareholder matters. The merger signifies a transformative step in the communications sector, promising significant benefits for all stakeholders involved.
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