Comcast close to spinoff deal with Charter

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Charter CommunicationsCharter Communications could acquire nearly four million extra subscribers in a two-stage deal under discussion with Comcast. Charter and Comcast are working on a subscriber spinoff deal that would be contingent on Comcast’s completion of its proposed $45 billion takeover of TWC. As part of that acquisition, which would add TWC’s 11 million subscribers to Comcast’s 22 million existing subscribers, Comcast had said it would divest three million subscribers so its share of the pay-TV market wouldn’t rise above 30%.

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