David Faber and Julia Boorstin

CNBC's David Faber and Julia Boorstin contributed to this report.

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Time Warner Cable Says No Thanks to Charter's $61 Billion Bid
Business Management

Time Warner Cable Says No Thanks to Charter's $61 Billion Bid

Charter Communications hoped to purchase Time Warner Cable for $61.3 billion, or $132.50 a share, but the 'grossly inadequate' bid was rejected.