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US billionaire close to buying Time Warner for $55 billion
The Time Warner Center as viewed from Central Park West in New York.
American company Charter Communications is clinching a deal to buy Time Warner Cable for about $55 billion.
Charter, mostly backed by American billionaire John C. Malone, is set to buy the company following a deal that may be announced as soon as Tuesday, the New York Times reported on Monday.
Charter is said to be paying some $195...