Cable rivals Charter and Cox agree to merge

Charter Communications and Cox Communications, two of the largest cable companies in the U.S., have entered into an agreement to merge. The deal would be one of the largest in the industry – and across corporate America – in the last year. The agreement values Cox at $34.5 billion on an enterprise basis – comprised of$21.9 billion of equity and $12.6 billion of net debt and other obligations – in line with Charter's recent enterprise value based on 2025 estimated adjusted earnings before interest, taxes, d ...