Charter Said to Be Near Deal for Divested Comcast Subscribers

Charter Communications Inc. is nearing a deal to acquire about 1.5 million subscribers from Comcast Corp. and an equity stake in a newly formed company with another 2.5 million customers, people familiar with the situation said.

Charter will own about a 40 percent stake in the newly formed company, according to two of the people, who asked not to be identified discussing private information. Comcast has already said it plans to divest about 3 million subscribers as part of its $45.2 billion acquisition of Time Warner Cable Inc., and the agreement is contingent on that deal closing.