Charter-TWC Deal Clears Final Hurdle with California OK

Bloomberg: Charter has won final regulatory approval to buy Time Warner Cable and become the second-largest U.S. cable provider, as California authorities approved the merger. “We look forward to closing these transactions next week,” Charter CEO Tom Rutledge said. “We are pleased to have now obtained all approvals.” The deal will give Charter new subscribers in cities including New York, Los Angeles and Dallas.