Charter and Cox Have Announced a $34.5 Billion Merger

The cable industry is fighting back against streaming services with the announcement that Charter Communications and Cox Communications will merge. Charter, more commonly known as Spectrum, will buy Cox for around $34.5 billion, one of the largest deals in the industry over the last year. It'll also become a much bigger broadband service provider. Charter is the second-largest publicly traded cable company behind Comcast. With over 6.5 million customers, Cox is the third-largest cable company. Combined, they would become the largest cable TV and broadband provider in the US. "This combination will augment our ability to innovate and provide high-quality, competitively priced products, delivered with outstanding customer service, to millions of homes and businesses," said Chris Winfrey, CEO of Charter, in a press release on Friday. Locating local internet providers The combined companies would be called Cox Communications, with the name change to occur within a year of the deal clos ... Read full article.