Advertisement
U.S. markets open in 9 hours 4 minutes
  • S&P Futures

    5,211.50
    -3.25 (-0.06%)
     
  • Dow Futures

    39,224.00
    +1.00 (+0.00%)
     
  • Nasdaq Futures

    18,194.75
    -36.75 (-0.20%)
     
  • Russell 2000 Futures

    2,050.20
    +0.40 (+0.02%)
     
  • Crude Oil

    82.72
    0.00 (0.00%)
     
  • Gold

    2,165.20
    +0.90 (+0.04%)
     
  • Silver

    25.34
    +0.08 (+0.30%)
     
  • EUR/USD

    1.0875
    -0.0001 (-0.01%)
     
  • 10-Yr Bond

    4.3400
    -4.3400 (-100.00%)
     
  • Vix

    14.33
    -0.08 (-0.56%)
     
  • GBP/USD

    1.2721
    -0.0008 (-0.06%)
     
  • USD/JPY

    149.8610
    +0.7630 (+0.51%)
     
  • Bitcoin USD

    65,339.60
    -2,519.75 (-3.71%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,722.55
    -4.87 (-0.06%)
     
  • Nikkei 225

    39,792.85
    +52.45 (+0.13%)
     

Charter to buy Optimum West in $1.63 billion deal

Charter Communications agrees to buy Cablevision's Optimum West for $1.63 billion

NEW YORK (AP) -- Charter Communications says it is buying cable company Optimum West from CableVision Systems Corp. for about $1.63 billion in cash.

Optimum West manages cable systems in Colorado, Montana, Wyoming, and Utah, with 304,000 video subscribers. Charter says the business is experiencing quick growth in video, Internet, and phone customers.

Charter, based in Stamford, Conn., says it has $1.5 billion in committed bank financing for the deal. The remaining costs will be paid with cash on hand and borrowing from its revolving credit facility. Charter expects the sale to close in the third quarter.

Cablevision corporate headquarters is in Bethpage. N.Y.

Charter shares rose 38 cents to $81.01 in after-hours trading. Cablevision lost 11 cents to $15.06, after rising 5.6 percent during the day.

Advertisement