M&A Deal Summary

Charter Communications Acquires Bright House Networks

On March 31, 2015, Charter Communications acquired communications company Bright House Networks from Advance Publications for 10.4B USD

Acquisition Highlights
  • This is Charter Communications’ 5th transaction in the Communications sector.
  • This is Charter Communications’ 2nd largest (disclosed) transaction.
  • This is Charter Communications’ 9th transaction in the United States.
  • This is Charter Communications’ 2nd transaction in New York.

M&A Deal Summary

Date 2015-03-31
Target Bright House Networks
Sector Communications
Buyer(s) Charter Communications
Sellers(s) Advance Publications
Deal Type Divestiture
Deal Value 10.4B USD

Target

Bright House Networks

East Syracuse, New York, United States
Bright House Networks office in St. Petersburg, Florida.
Bright House Networks office in St. Petersburg, Florida.
Bright House Networks owns and operates cables systems in the United States. The company offers video, high-speed data, home security, and automation and voice services; and a portfolio of business solutions for video, voice, data, cloud-based, and managed services, as well as advanced targeted advertising solutions. Bright House Networks is based in East Syracuse, New York.

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Buyer(S) 1

Buyer

Charter Communications

Stamford, Connecticut, United States

Category Company
Founded 1993
Sector Communications
Employees101,100
Revenue 54.6B USD (2023)
DESCRIPTION
Charter Communications' corporate headquarters in Stamford, Connecticut.
Charter Communications' corporate headquarters in Stamford, Connecticut.

Charter Communications is a broadband communications company. Charter provides a full range of advanced broadband services, including advanced Charter Spectrum TV video entertainment programming, Charter Spectrum Internet® access, and Charter Spectrum Voice. Charter Communications was incorporated in 1993 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 9 of 12
Sector (Communications) 5 of 7
Type (Divestiture) 5 of 5
State (New York) 2 of 3
Country (United States) 9 of 12
Year (2015) 1 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Bresnan Communications

Purchase, New York, United States

Bresnan Communications LLC operates cable television systems serving approximately 300,000 basic subscribers in Montana, Wyoming, Colorado and Utah. Bresnan delivers advanced products and services such as high-speed Internet access, high-definition television, video-on-demand and telephone to residential and business customers across an upgraded network.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-14 ActiveVideo Networks

San Jose, California, United States

ActiveVideo Networks, Inc. is a developer of CloudTV™, the only cloud-based software platform enabling service providers, content aggregators, and consumer electronic (CE) manufacturers to rapidly deploy new services by virtualizing consumer premises equipment (CPE) functions in the cloud.

Buy $135M

Seller(S) 1

SELLER

Advance Publications

New York, New York, United States

Category Company
Founded 1922
Sector Publishing
DESCRIPTION

Advance is a diversified, family-owned company that operates and invests in a broad range of media, communications and technology businesses globally. Advance Publications directly or through subsidiaries, owns Condé Nast Publications, American City Business Journals, the Golf Digest Companies, and newspapers in more than twenty-five American cities. Advance Publications' subsidiaries also have extensive interests in cable television, as well as in Internet sites which are related to its print publications. Advance was established in 1922 and is based in New York City.


DEAL STATS #
Overall 2 of 3
Sector (Communications) 1 of 1
Type (Divestiture) 2 of 3
State (New York) 1 of 2
Country (United States) 2 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-19 Fairchild Media

United States

Fairchild Media consists of a variety of fashion and other magazine titles. Titles include Jane, upscale fashion magazine W and 11 trade publications including Women's Wear Daily and Supermarket News.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 1010Data

New York, New York, United States

1010data is a provider of big data discovery and data sharing that enable organizations to analyze, share, and monetize Big Data on a single, scalable platform. 1010Data was founded in 2000 and is based in New York City.

Buy $500M