Charter Acquires Rival Bright House For $10.4B

Charter Communications shares hit a 52-week high earlier this month when it was reported that the nation’s fourth-largest cable operator was in talks to acquire rival Bright House Networks. Now the deal is official, with Charter saying this morning it has made the deal for $10.4 billion for Bright House’s 2.5 million subs concentrated in Florida, California, Alabama, Indiana and Michigan. According to Charter, business will be conducted through a new partnership of which…