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4mo ago

Charter and Cox Announce $34.5 Billion Merger to Form Largest U.S. Cable Provider

The deal, combining two major cable operators, aims to counter streaming and wireless competition while requiring regulatory and shareholder approval.

cable tv remote, Charter and Cox
Photo: Elijah Nouvelage/Bloomberg via Getty Images
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Overview

  • Charter Communications will acquire Cox Communications in a $34.5 billion transaction, including $21.9 billion in equity and $12.6 billion in assumed debt.
  • The combined company, to be rebranded as Cox Communications within a year, will operate under the Spectrum brand for consumer services.
  • Chris Winfrey, Charter CEO, will lead the merged entity, with Cox Enterprises CEO Alex Taylor serving as chairman of the board.
  • The merger will create the largest U.S. cable and broadband provider, serving approximately 38 million subscribers, surpassing Comcast.
  • The deal is subject to regulatory and Charter shareholder approvals, with closing expected by mid-2026 and anticipated cost savings of $500 million annually within three years.