The deal, which values Time Warner Cable at approx. $195.71 per share, will see the two companies merge in a new company called New Charter. The new company will be one of the largest pay TV and broadband operators in the U.S. Charter will provide $100 in cash and shares of a new public parent company equal to 0.5409 shares of Charter for each outstanding Time Warner Cable Inc. share. The total amount paid in cash will be $55.3 billion. —Charter Communications acquires Time Warner Cable in a $78.7 billion deal