Charter, the US’s fourth-largest cable company, will reportedly pay $195 a share for Time Warner Cable, 14% higher than the closing price on Friday. The $55 billion merger could be announced as soon as Tuesday. Charter first approached TWC two years ago; TWC tried to make a deal with Comcast instead, but regulators blocked it last month.
Prime minister Alexis Tsipras got Syriza’s approval (payall) to reach a bailout deal with the country’s creditors, over the objections of his leftist party’s most extreme fringe. He’s hoping for a deal by June 5, when Greece’s next IMF payment is due, but there’s still a big gulf to bridge.
25 mins ago
Israel’s ex-prime minister gets another jail sentence.
Mathematician John Nash and his wife Alicia Nash were in a taxi that lost control on the New Jersey Turnpike. The couple, portrayed in the 2001 film A Beautiful Mind, about John Nash’s struggle with schizophrenia, were on their way home from a trip to Norway, where Nash accepted the Abel Prize for mathematics.
4 hours ago
Poland lurches to the right.
Officials have confirmed that Andrzej Duda, leader of the country’s right-wing party, is Poland’s new president after taking 51.5% of the vote in Sunday’s election. The role of president is largely ceremonial, but Duda’s win is a sign that the more centrist Civic Platform, in power since 2007, may be unseated in parliamentary elections this fall despite achieving solid economic growth.
May 23, 2015
Chart of the Moment
Apple Watch demand is still looking flat after a massive first day.
May 24, 2015
Spain’s governing party is punished.
Local and regional elections signaled widespread frustration with prime minster Mariano Rajoy’s People’s Party, which has been unable to keep high unemployment and corruption scandals at bay. The results are the worst in more than 20 years for the party, and an indicator for November’s national elections.
May 24, 2015
General Motors may face criminal charges over faulty ignition switches.
The switches have been linked to more than 100 deaths. According to a report in the Wall Street Journal, federal prosecutors are likely to seek more than $1 billion in penalties for alleged misstatements the automaker made about the switches, and are still considering whether or not to charge individual employees.
May 22, 2015
ISIL takes control of the last Syria-Iraq border crossing.
Syrian government forces withdrew from the crossing at al-Tanf, allowing Islamic State militants to form a more direct link between their forces in the two countries. ISIL now controls half of Syria’s territory, according to the Syrian Observatory for Human Rights.