Paul Allen may buy all of Charter
The co-founder of Microsoft and majority owner of the debt-laden cable company also considers a merger.
NEW YORK (CNNMoney.com) -- Charter Communications chairman and controlling shareholder Paul Allen said he's considering buying the remaining outstanding stock in the troubled cable company, according to a report Wednesday.
The company has a market capitalization of just over $1 billion.
Allen, who holds a 52 percent stake in the company and controls 92 percent of its voting power, said he may also consider asset sales, a merger or other transaction, the Journal said.