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Cablevision rallies 2% following report of Charter deal

After Dow Jones reported that Liberty Media (LMCA) is near a deal to acquire a 25% stake in Charter Communications (CHTR) for near $2.5B, shares of Cablevision (CVC) moved up 2% to $14.36. Recall that Citigroup on Friday morning said that Charter is one of the likely buyers for Cablevision.