NEW YORK Jan 27 Charter Communications Inc
has agreed in principle to sell Time Warner Cable Inc's
New York, North Caroline and New England assets to
Comcast Corp, if it succeeds in buying Time Warner
Cable, according to a Bloomberg report on Monday.
The deal would hinge on Charter's successful acquisition of
Time Warner Cable, Bloomberg said, citing anonymous sources.
Under the framework agreement, Charter would buy all of Time
Warner Cable on its own and later sell these markets to Comcast,
Reuters reported on Friday that Comcast was seeking an
agreement that would give it the New York market and parts of
The people declined to be named because the matter is not
public, Bloomberg said. A spokesman for Charter declined to
comment while a Comcast representative could not immediately be
Charter has offered $132.50 per share for Time Warner Cable,
which rejected the bid as "grossly inadequate."