It wasn’t long ago that we got word that Comcast was abandoning its plan to buyout smaller rival Time Warner Cable and now an old suitor is reportedly back at the negotiating table. The Wall Street Journal Reported that Charter Communications could potentially make a play to buy out the cable giant on background, Comcast’s bid valued Time Warner Cable at $158.82 a share. This trumped Charter’s bid at $132.50 in 2014. So it looked like Comcast would become the likely suitor. Well Comcast has left the negotiating table, Charter is back in play and The Wall Street Journal Says the deal could value Time Warner Cable at as high as $170 a share, according to people familiar with the matter. FCC chairman Tom Wheeler says just because regulators were opposed to the Comcast Time Warner Cable merger, doesn’t mean all future cables deals are doomed.
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