1. Charter Communications said Tuesday morning that it will buy larger rival Time Warner Cable in a combination that would team up the second- and third-largest cable providers in the US to take on Comcast. The deal, the fourth time in three years Charter has tried to acquire TWC, is worth nearly $78 billion. Charter will also pick up smaller rival Bright House Networks.
Comcast scuttled its $45 billion deal to buy Time Warner Cable in late April, which would have paired the two largest cable providers in the country, amid regulatory concerns.
. @andrewrsorkin: $TWC deal with Charter is "much closer to a slam dunk" than its failed tie up with Comcast. #Squawkers
— Ben White (@morningmoneyben) May 26, 2015
2. Vermont Senator Bernie Sanders will officially kick off his presidential campaign on Tuesday in Burlington with an event offering free Ben & Jerry’s ice cream. The longtime senator, who bills himself as a "democratic socialist," plans to challenge Democratic frontrunner Hillary Clinton from the left.
3. Twitter has been in talks to buy Flipboard in an all-cash deal valuing the latter at more than $1 billion, according to Re/code. Twitter is facing pressure from investors to grow its user base and bring in more revenue.
4. The meteoric rise and fall of BlackBerry is chronicled in a book set to be published in the US on Tuesday by two reporters from Toronto’s Globe & Mail. For one, it details the company’s lackadaisical response to the launch of the iPhone.
5. One of the sports world’s most marketable young stars suffered a scary fall in Monday night’s Western Conference Final game four. Stephen Curry hit his head on the floor in a nasty spill in the first half, but returned later in the game, which his Golden State Warriors lost to the Houston Rockets. The Warriors have a 3-to-1 series lead.
The fall that forced Steph Curry out of Game 4: http://t.co/vKnQhZgxua https://t.co/zV4irH3ql4 (h/t @Jeremy_Woo)
— Sports Illustrated (@SInow) May 26, 2015
6. Apple promoted design guru Jony Ive, well known to fans of the company and viewers of its product-launch events, to the new role of chief design officer on Monday. Two Apple mainstays will take over his day-to-day design-management duties.
