Report: TWC looks to block Charter takeover with bid for Bright House Networks

Time Warner Cable (NYSE: TWC), which has now become an acquisition target of Charter Communications (NASDAQ: CHTR), appears to be looking for a way to block such a deal and that could involve making its own play for Bright House Networks. Citing a Wall Street Journal article, FierceCable reports that a number of TWC's top executives have talked with Bright House owner Advance Newhouse Communications about making their own bid on Bright House. Charter previously entered into an agreement to acquire Bright House. Cable industry analysts see TWC's move as a way to make it more difficult for Charter to purchase it. Dan Frankel, editor of FierceCable, has the coverage here.

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