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Charter Gets Final OK for $21.9B Cox Deal

Wall Street Journal US Business •
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Charter Communications received final approval from California regulators to acquire Cox Communications in a $21.9 billion deal, after agreeing to concessions on affordability and diversity reporting. The California Public Utilities Commission voted unanimously to approve the deal, making California the last of 45 states to sign off.

To secure approval, Charter committed to offering low-cost internet plans for low-income households for five years and maintaining existing price-lock commitments. The company will also contribute $30 million to a state fund for broadband adoption, digital literacy, and computers for low-income households.

California regulators had raised concerns about Charter rolling back some diversity, equity and inclusion policies to meet Federal Communications Commission requirements. The state now requires Charter to report diversity data on its 6,300-employee California workforce and on business with suppliers owned by underrepresented populations.

The deal, first announced in May 2025, combines two major cable and broadband providers. The FCC approved the merger in February after Charter adjusted its DEI policies. The other 44 states where Cox and Charter operate had already approved the transaction.