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Cable company Charter buying Time Warner Cable for $55.3B

NEW YORK (AP) Charter Communications is buying Time Warner Cable for $55. 33 billion, creating another U. S. TV and Internet giant. And executives say they're confident regulators will allow it. The deal comes a month after Comcast, the country's largest cable provider and owner of NBCUniversal, walked away from a $45. 2 billion bid for Time Warner Cable, the No. 2 cable company, after intense pressure from regulators. Time Warner Cable had chosen the Comcast deal and rejected a $38 billion a...

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