Charter Comms in talks to buy Bright House Networks: source

Charter Communications is in talks to buy privately held cable company Bright House Networks LLC, according to a source familiar with the matter. Bright House, controlled by the Newhouse family, is worth more than $10 billion, the source said. Charter shares soared $12.89 or 7 percent to $195.39 per share on the news, which was first reported by Bloomberg. A spokesman for Charter declined to comment, while Bright House acknowledged the speculation in a statement on Thursday.



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