NEW YORK (CBSDFW.COM/AP) — Charter Communications is closing on its $67 billion acquisition of Time Warner Cable and Bright House Networks. The deals make Charter the second-largest home Internet provider and third-largest video provider in the U.S.READ MORE: Texas Secretary Of State Says Some Counties Still Had Old Application For Mail-In Ballots On Their Websites
Charter says it now has 24 million subscribers in 41 states, including Texas. It agreed to buy Time Warner and Bright House last year, but the deals weren’t cleared by antitrust regulators and other government agencies until the last few weeks.READ MORE: Texas Congresswoman Beth Van Duyne Introduces Resolution Recognizing Heroes Of Synagogue Hostage Situation
Charter says its Spectrum brand will replace the Time Warner Cable and Bright House brands over the next 18 months or so. The company’s stock rose 33 cents to $225.24 in midday trading.
The name Time Warner will eventually be phased out and the company will be known as Charter Communications.MORE NEWS: COVID-19 Has Taken Toll On Mental Health, Experts Say
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