Buyout firm may take stake in Charter Cable

Now that Charter Communications stock is selling for a nickel a share, the company is in talks with Apollo Management, a buyout firm to convert its bond holdings into equity.  However, the news release said that Paul Allen for Microsoft fame would continue to have a voting interest.

Does this mean that Apollo might spearhead a turnaround in the cable giant?  Good luck!

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Tags: Apollo Management, bankrutpcy, Charter Communications, corporate buyout, Linkedin, Paul Allan, turnaround