Charter Clears Final Hurdle for $21.9B Cox Deal, Closing Expected This Month
CHTR sits 40% above its 52-week low of $111.55.
Summary
Charter received unanimous approval from the California Public Utilities Commission, the last regulatory hurdle for its $21.9 billion acquisition of Cox Communications. To secure approval, Charter agreed to offer low-cost internet plans for low-income households for five years, maintain price-lock commitments, and contribute $30 million to a state broadband fund. The deal, first announced in May 2025, now has all 45 state approvals plus FCC sign-off. Charter and Cox expect to close later this month, creating the nation's largest internet and video provider by subscriber base with 37 million customers. The combined company will adopt the Cox name within a year. This removes the final regulatory uncertainty and positions Charter to integrate Cox's six million subscribers, adding scale against 5G home internet and Starlink competition.
At the time of this announcement, CHTR was trading at $156.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $20.9B. The 52-week trading range was $111.55 to $285.82. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.