Charter rises on deal to buy Cox Communications for $21.9 bln

Shares of broadband and cable TV provider Charter Communications CHTR.O jump 9.7% to $460.06 premarket

CHTR will buy privately held rival Cox Communications for $21.9 bln, uniting two of the largest U.S. cable and broadband operators as they battle streaming giants and mobile carriers for customers

"This combination will augment our ability to innovate and provide high-quality, competitively priced products, delivered with outstanding customer service, to millions of homes and businesses" - Charter CEO Chris Winfrey

As of last close, stock up ~22% this year