New Cable Giant Emerges: Charter Closes $34.5 Billion Deal for Cox and Liberty
Charter has completed its acquisitions of Cox and John Malone’s Liberty Broadband, creating a new cable powerhouse.
The $34.5 billion megamerger with Cox was announced in May 2025, with Charter, the second-largest cable company in the U.S. behind Comcast, acquiring Cox, another cable giant with 6 million subscribers. The FCC approved it earlier this year.
“The addition of Cox to the Spectrum footprint is one that can be celebrated by customers, employees and investors alike,” said Chris Winfrey, Charter president and CEO. “Together, we will bring the best products, at the best price, coupled with the highest level of customer service to more customers across our expanded 45-state Spectrum footprint. And Cox employees will soon have access to all the programs and benefits that have made Charter an employer of choice where its 100 percent U.S.-based employees can build long-term careers.”
He added: “The market has changed considerably over the past decade, and regional providers like Spectrum are competing with national and even global connectivity and entertainment companies. Today, with expanded scale, we are better positioned to compete and continue investment in our products and service, tools and platforms, and to further the capability and reach of our Spectrum Fiber Broadband Network.”
Eric Zinterhofer, who had served as chairman of Charter’s board, added: “Congratulations to Chris, the Charter team and the Cox family for completing an industry-transforming transaction. I look forward to serving as lead independent director as Alex Taylor becomes Charter’s next chairman.”
Cable pioneer and Liberty Broadband chair John Malone shared: “When Liberty first invested in Charter more than a decade ago, we saw an opportunity to build scale behind a great management team and operating model. The combination of Charter and Cox creates a stronger, more competitive company to further invest and innovate, while giving Liberty Broadband shareholders a direct interest in its future.”
Taylor touted the deal as well. “For generations, my family has believed in building businesses that matter and stand the test of time,” he highlighted. “The broadband industry has shaped how people live, work and connect with one another, and we believe deeply in its future. I look forward to partnering with Chris and the board to build on a proud legacy and create long-term value for our shareholders, customers, employees and the communities we serve.”
Within a year following the transaction’s close, the firm will change its parent company name to Cox Communications but will continue to operate as Spectrum across all markets. The company will remain headquartered in Stamford, Connecticut, keeping “a significant presence” in Atlanta.