As widely reported in the Wall Street Journal, The New York Times and other media outlets, Paul, Weiss client Time Warner Cable and Charter Communications, Inc. announced that they have entered into a definitive agreement for Charter to merge with Time Warner Cable. The transaction, which values Time Warner Cable at $78.7 billion, will create a leading broadband services and technology company, which will result in greater product innovation, bringing new and advanced services to consumers and businesses. The merger agreement is subject to shareholder approval at both companies and regulatory review and other customary conditions and is expected to close by the end of 2015.

The Paul, Weiss team included mergers and acquisitions partners Robert Schumer, Ariel Deckelbaum and Ross Fieldston and counsel Frances Mi and Didier Malaquin; financing partner Thomas de la Bastide and counsel Stephen Koo; securities partner John Kennedy; litigation partners Jay Cohen, Jacqueline Rubin, Aidan Synnott and Stephen Lamb; employee benefits partner Andrew Gaines and counsel Erin Murphy; environmental counsel William O’Brien; intellectual property counsel Claudine Meredith-Goujon; real estate partner Mitchell Berg; and tax partner Jeffrey Samuels and counsel Alyssa Wolpin.