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Charter-TWC Deal Clears Final Hurdle With California Approval

  • California Public Utilities Commission votes for merger
  • Deal for New No. 2 U.S. cable provider could next week
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Charter-Time Warner Cable Merger Clears Final Hurdle

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Charter Communications Inc. won final regulatory approval to buy Time Warner Cable Inc. and become the second-largest U.S. cable provider, as California authorities approved the merger, giving a boost to both companies’ shares.

“We look forward to closing these transactions next week,” Charter Chief Executive Officer Tom Rutledge said in an e-mailed statement. “We are pleased to have now obtained all approvals.”