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Time Warner Cable Talks Pit Malone Against Protege Drahi

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Merger talks over Time Warner Cable Inc. are pitting French-Israeli tycoon Patrick Drahi against his former boss: media mogul John Malone.

A bid for Time Warner Cable, the second-largest U.S. cable company with a market value of $48 billion, would be the boldest move yet for Drahi, just days after his Altice SA holding company made a surprise foray into the U.S. with the announcement of plans to buy a much smaller rival. It would also incite a billionaire tug of war on Malone’s home turf. Malone’s Charter Communications Inc. is also said to be pursuing Time Warner Cable -- for the second time in about a year.