Charter arranging $25 billion financing for Time Warner bid

Charter Communications is reportedly arranging a $25 billion debt financing package to help fund its bid for Time Warner Cable, according to the Wall Street Journal.

Time Warner Cable has been the subject of widespread speculation in recent weeks, and has been an acquisition target for John Malone – Liberty Global’s chairman and Charter’s largest shareholder – for months.

Comcast has also reportedly expressed an interest in acquiring Time Warner Cable, which has a market value of $38 billion.

Charter had an offer for Time Warner rejected earlier in the year, and reported interest from rival companies in the US has reignited Charter’s interest.

Reuters reported this week that Time Warner’s incoming CEO Robert Marcus could be paid over $50 million as part of his contract, if the company is bought while he is CEO and he is replaced.

The companies involved have reportedly declined to comment on the speculation.

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