Time Warner Cable shareholders may give incoming CEO Rob Marcus thumbs up to reject a $62 billion offer for the company, reports Bloomberg. Reason? The stock price keeps going up—36% so far this year. There are huge savings and efficiencies from consolidation at stake for an acquiring company such as Charter Communications or Comcast.
Comcast just named a new head of corporate development and strategy in Alexander Evans amid speculation that major MSOs in merger talks. He hails from Providence Equity Partners, where he led the firm’s New York office and was global co-head of the communications sector. Comcast has tapped JPMorgan for advice as it evaluates a potential bid for the company as well.