Originally appeared in Bloomberg
By Todd Shields
February 11, 2016
Charter Communications Inc. won its request for California to skip a hearing on the cable company’s bid for Time Warner Cable Inc., a step toward quicker judgment from a state set to lag behind a U.S. review of the $55.1 billion merger.
An administrative law judge with the California Public Utilities Commission on Thursday granted Charter’s request to forgo a hearing Feb. 17-18, and he set a date for a final decision May 12 after receiving briefs in March. Previously the agency had foreseen a final decision on June 10.
The change “has no bearing on the outcome” and “merely makes it possible to shorten somewhat the schedule,” Terrie Prosper, director for news and public information at the agency, said in an e-mail before the ruling was released.
Charter has pushed for a quicker review from California. “We appreciate today’s ruling which should allow us to close the pending transaction more quickly,” Tamara Smith, a Washington-based spokeswoman, said in an e-mail.