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Time Warner Cable rejects Charter's $62B bid

Jan 14, 2014, 6:22 AM EST
People walk past the entrance to the Time Warner center on August 7, 2013 in New York City.
AFP/Getty

Charter Communications Inc on Monday formally offered to acquire larger rival Time Warner Cable for $37.3 billion, sparking what is likely to be a contentious battle for control of the No. 2 U.S. cable operator.

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