Verizon might merge with Charter, which is terrifying for anyone with an internet connection
According to a report in the Wall Street Journal, Verizon is considering a takeover of Charter, which itself recently completely a takeover of Time Warner Cable. Merging the two companies would create a real telecoms giant: Verizon has over 100 million wireless customers, and Charter is now the second-largest broadband company in the country.
"Verizon CEO Lowell McAdam has made a preliminary approach to officials close to Charter and Verizon is working with advisers to study a potential transaction," the report claimed, citing anonymous sources. A deal is not necessarily on the table at this point, but Charter shares are up by more than 7% following the news.
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