Cable giant Charter snubbed a buyout bid from Verizon

Apparently, Verizon boss Lowell McAdam, his company facing slowing sales of mobile phones, made a proposal to acquire cable TV giant Charter Communications in recent months. The offer — valued at between $350 and $400 a share, and well over $100 billion, apparently— was rejected by Charter because it was too low — and because Charter and its largest shareholder, Liberty Media, weren’t ready to sell. Verizon, whose archrival AT&T has moved to expand beyond the wireless world by buying DirecTV and Time Warner, also recently expressed interest in another Liberty Media property, Sirius XM Holdings, apparently. Verizon’s interest in SiriusXM didn’t get as far as a bid.