Two big cable TV providers to combine as shift to streaming services continues

Charter Communications to buy privately owned Cox in a deal that values Cox at nearly $35 billion

Published: May 16, 2025 at 7:23 a.m. ET

Charter Communications Inc. said Friday it would buy privately held Cox Communications in a $34.5 billion deal to combine two big names in cable TV as the business continues to lose market share to streaming video providers.

Charter Communications’ stock CHTR rose 2.4% in premarket trading after the deal was announced, as Wall Street initially gave a thumbs-up on the agreement to create what the companies describe as “an industry leader in mobile and broadband communications services, seamless video entertainment, and high-quality customer service.”

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Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.