Time Warner Cable Inc., whose merger with Comcast Corp. was called off last month, has received a takeover approach from French billionaire Patrick Drahi’s Altice SA, a person with knowledge of the matter said.
Deliberations on a deal are at an early stage and may not result in an agreement, the person said, asking not to be identified as the information is private. Time Warner Cable’s market capitalization is about $45 billion, while Altice has a value of $34 billion.
