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John Malone says Charter Communications in high demand for merger, acquisition

At least four large media companies have approached Charter Communications about a partnership or an acquisition, company director John Malone said Thursday.

Malone, speaking at Charter’s investor day, said the approaches by the companies, who he named as Altice, SoftBank and Verizon, were turned aside.

Malone, in an interview on CNBC, refused to identify the fourth company.

Shares of Charter rose 1.9 percent, to $340.63, on the revelation.

Source: https://nypost.com/2017/11/16/john-malone-says-charter-communications-in-high-demand-for-merger-acquisition/

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