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Charter Communications $10.4 billion acquisition of Bright House Networks

26/5/2015
Private acquisition
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$ 10.4 billion

Completed

26/5/2015

Overview:

  • Charter Communications has acquired a majority stake in Bright House Networks for $10.4 billion from Advance/Newhouse.
  • Advance/Newhouse retained a 13% stake in Bright House. 
  • Goldman Sachs acted as financial adviser to Charter. 
  • This transaction took place concurrently with Charter's acquisition of Time Warner Cable. 

Rani Mehta - Journalist 

 

Jurisdiction:

United States

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
Baker Botts

Party: Liberty Broadband (Shareholder)

Lawyers: Frederick McGrath, Jonathan Gordon, Renee Wilm

Fried Frank Harris Shriver & Jacobson

Party: Goldman Sachs (Financial adviser)

Lawyers: Mark Lucas, Philip Richter

Kirkland & Ellis

Party: Charter Communications (Acquirer)

Lawyers: Christian Nagler, Jason Kanner

Sullivan & Cromwell

Party: Advance/Newhouse (Seller)

Lawyer: Brian Hamilton

Wachtell Lipton Rosen & Katz

Party: Charter Communications (Acquirer)

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