Fri May 16 16:40:00 IST 2025: ## Cable Giants Charter and Cox Announce Mega-Merger in $34.5 Billion Deal
**Stamford, CT** – Charter Communications and Cox Communications, two of the nation’s largest cable providers, announced Friday a definitive agreement to merge in a deal valued at $34.5 billion. This marks one of the most significant corporate transactions in the past year, reshaping the landscape of the cable and broadband industry.
The agreement values Cox at $34.5 billion on an enterprise basis, including $21.9 billion in equity and $12.6 billion in net debt and other obligations. Charter’s stock price saw a boost in premarket trading following the announcement.
Under the terms of the agreement, Cox Enterprises will gain a substantial 23% ownership stake in the combined entity. Within a year of the deal’s closing, the merged company will rebrand as Cox Communications. However, Charter’s Spectrum brand, encompassing its cable, broadband, mobile, and other services, will become the primary consumer-facing brand for all customers.
The combined company will be headquartered in Stamford, Connecticut, maintaining a significant presence in Atlanta, Cox’s current base of operations. Charter CEO Chris Winfrey will continue to lead the company as president and CEO. Alex Taylor, chairman and CEO of Cox Enterprises, will assume the role of chairman of the board. The Cox family will also retain the right to appoint two members to the board.
This merger follows Charter’s recent announcement to acquire Liberty Broadband in an all-stock deal, which was approved by stockholders in February. The Cox merger is expected to close concurrently with the Liberty Broadband acquisition.
The industry will be closely watching the regulatory review process for this massive deal. Further updates will be provided as they become available.
**This is a developing story.**
First Piper 