M&A
confidence high
sentiment neutral
materiality 0.80
Charter files Cox Communications financials and pro forma for $12.6B debt-assumption acquisition
CHARTER COMMUNICATIONS, INC. /MO/
- Cox six-month 2025 revenue $6.32B (down 3.8% YoY), net income $876M (down 13.3% YoY), debt $12.5B.
- Charter will acquire Cox's commercial fiber/cloud businesses and receive residential cable business through contribution; assumes ~$12.6B net debt.
- Pro forma combined financials filed; Charter shareholders approved the transaction on July 31, 2025.
- Cox Q2 2025 operating income $638M vs $740M in Q2 2024; restructuring charges $169M in H1 2025.