Charter Merges With Cox Communications In $34.5 Billion Deal

Cable companies Charter and Cox have agreed to merge in a deal valuing Cox at $34.5 billion. Charter CEO Chris Winfrey called the merger “good for America,” highlighting job creation and reshoring benefits. Cox Communications, a division of the privately held Cox Enterprises led by Chairman and CEO Alex Taylor, will become the combined company’s name within a year, with Charter’s Winfrey continuing as CEO. The merged company will serve nearly 70 million homes across 46 states, aiming for $500 million in annual cost synergies within three years. COMPANIES: Charter & Cox VALUATION: $34,500,000,000 Charter HQ: #Stamford #Connecticut Cox HQ: #Atlanta #Georgia #VentureCapital #Charter #Cox #AlexTaylor #ChrisWinfrey #TradedVC

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Hugging Face Explores Sale Valuing Open-Source AI Platform At $13 BillionHugging Face is exploring a potential sale that could value the open-source AI platform at $13 billion or more, nearly tripling its $4.5 billion valuation from its $235 million Series D in 2023. Founded by Clément Delangue, Julien Chaumond and Thomas Wolf, the company has grown to 13 million users and more than 2 million public AI models, while CEO Delangue has previously favored independence and an eventual IPO over a sale. FOUNDERS: Clément Delangue, Julien Chaumond & Thomas Wolf VALUATION: $13,000,000,000,000+ HQ: New York, New York #VentureCapital #HuggingFace #ClémentDelangue #TradedVC