March 18 (Bloomberg) -- Charter Communications Inc., the fourth-largest U.S. cable operator, surged as much as 10 percent after Dow Jones reported that Liberty Media is close to a deal to buy 25 percent of the company for about $2.5 billion.
Charter rose 6 percent to $95.45 at 12:58 p.m. in New York after jumping to $99.50.
Dow Jones cited people familiar with the deal it didn’t identify.
Anita Lamont, a spokeswoman for Charter, didn’t immediately respond to a voice mail seeking comment.
--With assistance from Edmund Lee in New York. Editors: Niamh Ring, James Callan