Charter Communications Jumps on Report of Liberty Media Deal

Charter Communications Inc. (CHTR), the fourth-largest U.S. cable operator, surged as much as 10 percent after Dow Jones reported that Liberty Media is close to a deal to buy 25 percent of the company for about $2.5 billion.

Charter rose 6 percent to $95.45 at 12:58 p.m. in New York after jumping to $99.50.

Dow Jones cited people familiar with the deal it didn’t identify.

Anita Lamont, a spokeswoman for Charter, didn’t immediately respond to a voice mail seeking comment.

To contact the reporter on this story: James Callan in New York at jcallan2@bloomberg.net

To contact the editor responsible for this story: Cecile Daurat at cdaurat@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.