cox communications charter merger

May 16, 2025 cox communications charter merger KRISHNA TIWARI

[{"selector":"#anim-f6ec5a31-4b6f-4134-b482-25022d08f3c0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5224267119483557e-12%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8cbe5ce7-ac3f-425b-8fe6-524826ea902a","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-13bfebe2-f576-47ec-a8e6-8cad2256106b","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Charter Communications and Cox Communications, two of the largest U.S. cable companies, announced a merger on May 16, 2025, KRISHNA TIWARI

[{"selector":"#anim-40db0b2c-e8e3-4b3f-a108-c3c4c0276c97 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5224267119483557e-12%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-09400a7b-43e6-4c61-847c-e80f51aa9d98","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6c3224ae-718c-4436-aa1c-e682237c3b3e","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] valued at $34.5 billion, creating one of the biggest TV and internet providers in the country KRISHNA TIWARI

[{"selector":"#anim-de025425-d00f-4e56-9037-6d80d4ebfc18 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5224267119483557e-12%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a85dc774-b981-4365-bb8a-3bf6e0e744e7","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fb4deb72-618b-4dde-8b08-d85d9643f087","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Deal Structure: The merger values Cox at $34.5 billion, including $21.9 billion in equity and $12.6 billion in net debt and other obligations. KRISHNA TIWARI

[{"selector":"#anim-f13c3034-42a8-40ca-bbf6-feeb7a0d8525 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5224267119483557e-12%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-19acb00f-608a-49b9-b623-5c4d84b98e72","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7622d08c-8f80-4d66-9905-a2d8acd8c37e","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Cox Enterprises will own approximately 23% of the combined company’s fully diluted shares KRISHNA TIWARI

[{"selector":"#anim-60df0730-d0e5-446b-985b-8543d9d83b47 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5224267119483557e-12%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f4893e2c-b79a-4140-a3e0-9df87c88b06d","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-02bbbae2-4ac1-46f9-bb39-eb876c1d2d2c","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The deal includes $4 billion in cash, $6 billion in convertible preferred units, and 33.6 million common units valued at $11.9 billion KRISHNA TIWARI

[{"selector":"#anim-1f6a4d14-74a5-4ddb-aba3-9513cce32738 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5224267119483557e-12%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1269024a-5145-46a6-9fe1-ee07ec088f7f","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-989f4670-5731-462c-9d97-cbf93da2fbac","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Strategic Rationale: The merger aims to strengthen the combined entity against streaming services KRISHNA TIWARI

[{"selector":"#anim-26366f35-2de3-43a0-93db-0e720c349a5c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5224267119483557e-12%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-308bad91-ab6c-4c99-86f6-03a79c997974","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d52c56ae-cb4b-4d85-85aa-9c47586702b9","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Leadership and Branding: The combined company will adopt the Cox Communications name within a year of closing KRISHNA TIWARI

[{"selector":"#anim-fbd1e704-6dcf-4a34-97a7-7d55aefa237e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5224267119483557e-12%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7ae58e4f-9672-40e2-b3e1-a3fd8fbeecd6","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a4acb828-e027-4a77-a57f-e71904002103","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Regulatory and Timing: The merger requires approval from regulators, including the FCC, and Charter shareholders KRISHNA TIWARI

[{"selector":"#anim-f38a8cae-5301-40fd-bf4e-6feb95f2e491 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5224267119483557e-12%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a4676805-38c0-40c3-b837-ab9e1e9c7324","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-77f61d16-8741-46b4-bfd1-b75394f6636d","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Market Impact: Charter’s stock rose 4.63% to $439 in premarket trading on May 16, reflecting investor optimism KRISHNA TIWARI

[{"selector":"#anim-06415e2d-3e3c-4c16-89ca-14797137ed47 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5224267119483557e-12%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4fcbfba4-13fe-4a6e-a751-1c054a590a46","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0750c220-1ab2-42ed-92dc-41d1eb59e637","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The deal is one of the largest in 2025, following major mergers like Exxon-Pioneer ($60 billion). KRISHNA TIWARI

[{"selector":"#anim-3c3500b0-e321-44f2-a8fa-3ff5ef370af1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.5224267119483557e-12%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-88f9dab1-5a91-4fe5-a495-0ec7954dc66b","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-86297b5f-ba46-41d2-b46c-32ad8a56a82a","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Skeptical Perspective: While the companies tout innovation and competition, megamergers often prioritize shareholder value over consumer benefits KRISHNA TIWARI