1031 ET - Charter Communications' deal for Cox Communications makes strategic sense as it is the best positioned to aggregate cable assets given its recent operational execution, valuation and emphasis on bundling across its base, JP Morgan's Sebastiano Petti and Nikhil Aluru say in a research note. The cable giants will merge in a $21.9 billion deal announced Friday. "We view the acquisition positively and believe Cox was the best remaining cable asset of scale," the analysts say. "While trends in the cable ecosystems remain pressured due to competitive and slower market growth, we believe the acquisition makes strategic sense for Charter." (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 19, 2025 10:31 ET (14:31 GMT)
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