According to a report from Bloomberg released today, the stake is worth approximately €2.48 billion, with largest shareholders, Apollo Global Management and Oaktree Capital Management, looking to make a sale.
Charter operates as the fourth largest cable operator in the US, and completed a $1.63 billion acquisition of Cablevisions’ Optimum West earlier this year.
The company’s financial position has dramatically improved after filing for bankruptcy in March 2009, after being burgeoned with $21 billion in debt.
Bloomberg said none of the involved parties had commented on the possible transaction.
Liberty Global, owned by billionaire John Malone, has 19.6 million pay-TV, internet and phone customers, situated mainly in Europe.
Liberty also owns a stake in Time Warner Cable, and Malone further owns a 4.8% stake in satellite TV company DirecTV.
His cable investments have significantly improved since the sale of his Tele Communications subsidiary to AT&T in 1999.
Charter had confirmed earlier this month that both Apollo and Oaktree would sell 6.2 million and 3.1 million shares respectively in the company.
