California has approved the proposed $34.5 billion merger between Charter Communications and Cox Communications.
Approval was confirmed yesterday (August 13) by the California Public Utilities Commission (CPUC), in what was the last major hurdle required ahead of the merger being pushed through.
– Charter Communications
The CPUC said it has approved the deal "subject to two settlement agreements and a comprehensive set of enforceable conditions designed to protect consumers, expand broadband access, and advance digital equity across California."
The merger was announced in May of last year, when the two cable rivals confirmed a definitive agreement had been reached to combine their two businesses.
