(Reuters) – Broadband and cable TV provider Charter is in advanced talks to combine with Cox Communications in a deal that values Cox at more than $30 billion, Bloomberg News reported on Friday.
Reuters could not immediately confirm the report.
The companies are discussing a cash and stock transaction that would value Cox at more than $30 billion including debt, Bloomberg News reported, citing sources.
Charter and Cox did not immediately respond to request for comment outside regular business hours.
A deal could be announced within days, the report added.
(Reporting by Gursimran Kaur in Bengaluru; Editing by Nivedita Bhattacharjee)
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