Charter Advisers Said to Contact Time Warner Cable for Talks

Advisers for Charter Communications Inc. have reached out to Time Warner Cable Inc. to begin friendly talks on an acquisition after Comcast Corp. withdrew its bid for the company, people with knowledge of the matter said.

Charter’s goal is to buy Time Warner Cable quickly, though executives from the companies haven’t spoken yet, the people said, asking not to be identified because the negotiations are private. Charter has approached banks about financing, one person said. Talks are at an early stage and haven’t yet addressed price or structure, and may not result in a deal, the people said.