Deals
Verizon CEO Said to Approach Maffei on Possible Charter Deal
- Companies seeking scale in rapidly consolidating industry
- Combined entity would be largest internet provider in U.S.
Verizon CEO Said to Approach Charter on Combination
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Verizon Communications Inc. Chief Executive Officer Lowell McAdam approached Liberty Media Corp. CEO Greg Maffei about a possible combination with Liberty’s Charter Communications Inc., according to people familiar with the matter.
Charter hasn’t been directly approached about a merger, said the people, who asked not to be identified as the discussions are private. Verizon has studied more than 10 other options, including large media companies, network and cable operators and fiber-optic service providers, though that list is part of strategic planning and not necessarily a roster of companies Verizon is or has been talking to, they said.