Exclusive: Comcast weighs three options for Time Warner Cable deal
Credit: Reuters/Mike Blake
A cable truck returns to a Time Warner Cable office in San Diego, California December 11, 2013.
Top cable provider Comcast is also considering whether it could buy some selective Time Warner Cable markets, or team up with another cable company, besides Charter Communications Inc, to bid for all of Time Warner Cable, the people said.
Comcast, which has a market capitalization of roughly $127 billion, could ultimately decide not to do any deal, said the people, who asked not to be named because they were not authorized to speak with the media.
Representatives for Comcast and Time Warner Cable declined to comment. Charter did not immediately respond to requests for comment.
Charter, the No. 4 cable player, is preparing to send an offer letter for Time Warner Cable as soon as this week, valuing the larger rival at below $135 per share, Reuters reported on Friday.
(Reporting by Liana Baker, Soyoung Kim and Nicola Leske in New York; Editing by Gary Hill)
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