NEW YORK ( TheStreet) -- Charter Communications (CHTR - Get Report), in early Tuesday trading, was at $99.03, up 99 cents, or 1.01%. It popped Monday, hitting a new 52-week high of $99.50 off an open of $89.17, after reports the company is nearing a deal to sell a 25% stake to John Malone's Liberty Media (LMCA - Get Report) for roughly $2.5 billion."A deal would mark Mr. Malone's first acquisition of a U.S. cable system since selling Tele-Communications Inc. to AT&T (T - Get Report) in 1999. Charter is the eighth biggest pay-TV provider, with about four million subscribers," writes the Wall Street Journal. "Under the management of Mr. Malone, TCI became the biggest U.S. cable operator."
Liberty to Get Back in the Cable Game With 25% Stake in Charter
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