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00:00:00
it looks like time warner cable has found a new suitor or is giving an old one new hope after much hype and speculation charter communications the fourth largest cable company in the u. s. has approached number to time warner cable about a possible merger according to the wallstreet journal , the news comes a little more than one week since top cable operator comcast dropped its bid for time warner cable due to anti trust concerns and more than one year since charter itself pursued a previous takeover of time warner cable with a hostile bid this time however charters taking a softer approach with its largest shareholder industry pioneer john malone calling time warner cable c. e. o. rob marcus in recent days for friendlier deal talks that likely involve a higher bid them the last go round what's more the journal reports that charter has been quietly laying the groundwork for a renewed deal attempt with time warner cable for quite some time in fact charters chairman even had dinner with time warner cable c. e. o. the night before comcast officially dropped its bid charter and time warner cable will continue talking this week says the journal when their c. e. o. is meet every cable convention in chicago