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Technology investor Paul Allen is negotiating to buy cable operator Charter Communications, according to Broadcasting & Cable magazine. The deal would value Charter at about $3.2 billion, the publication said. Allen previously bought Marcus Cable. The Los Angeles Times is also reporting the transaction. A spokeswoman for Allen's company declined comment. (Allen is an investor in CNET: The Computer Network, publisher of News.com).
Technology investor Paul Allen is negotiating to buy cable operator Charter Communications, according to Broadcasting & Cable magazine. The deal would value Charter at about $3.2 billion, the publication said. Allen previously bought Marcus Cable. The Los Angeles Times is also reporting the transaction. A spokeswoman for Allen's company declined comment. (Allen is an investor in CNET: The Computer Network, publisher of News.com).
Discuss: Short take: Paul Allen negotiating to buy Charter Communications
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