David Faber and Julia Boorstin

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

More From David Faber and Julia Boorstin

Growth Strategies

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.
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