Charter Communications buys Time Warner Cable for over $55 billion | ||
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The deal is worth just over $55 billion (£35.71 billion), far more than the $45 billion (£29.22 billion) offered by Comcast. That's in line with what Bloomberg expected on Monday. The previous offer fell through after Comcast failed to get regulatory approval. The new agreement with Charter places a value of $195.71 on each Time Warner share — 14% more than the company was priced at when markets closed on Friday. The new deal values Time Warner at $78.7 billion (£51.10 billion). Bright House Networks, another cable company, will also be rolled into the deal. According to the announcement:"The combination of Charter, Time Warner Cable and Bright House will create a leading broadband services and technology company serving 23.9 million customers in 41 states." The merger will make it the second largest cable company in the US, controlling cable and internet for about 20 million subscribers. Join the conversation about this story » NOW WATCH: Here's what 'Game of Thrones' stars look like in real life  | ||
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Austrian 14-year-old jailed on 'terrorism' charges | ||
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SANKT-POELTEN (Austria) (AFP) - A 14-year-old Austrian schoolboy was convicted Tuesday of "terrorism" charges and given eight months in prison plus a further suspended jail sentence of 16 months. The defendant, named only as Mertkan G., was found guilty of belonging to a "terrorist" organisation and planning to commit a "terrorist" act, the court in Sankt-Poelten ruled. He was accused of intending to bomb a Vienna train station.
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