Sources: Charter hires Goldman Sachs to explore deal with Time Warner Cable

07/19/2013 | Bloomberg Businessweek

Charter Communications is said to have retained Goldman Sachs to structure a deal to acquire Time Warner Cable. The latter reportedly turned down an unofficial bid two months ago that didn't include a premium. "Malone has clearly thrown down the gauntlet," said Paul Sweeney, an analyst at Bloomberg Industries. "He believes the cable industry needs further consolidation."

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