Cox Considers Bid for Time Warner Cable Inc [[TWC]]

The privately-held Atlanta-based provider of telecom and broadband services, Cox Communications, is reportedly considering taking part in the bidding for broadcasting juggernaut Time Warner Cable Inc (TWC).

According to sources from The Wall Street Journal on Tuesday, Cox Communications is considering a bid for Time Warner either on its own or as part of a joint bid, although a Cox spokesman declined to comment on the news.

The bidding process could soon start to heat up as a number of other telecom giants have expressed interest in joining forces with Time Warner, which is the world’s second largest media conglomerate behind The Walt Disney Company (DIS). As of last Friday, Charter Communications Inc. (CHTR) expressed interest in Time Warner, although this has largely been regarded as a takeover attempt. As such, Time Warner has reached out to Comcast (CMCSA) with potential merger talks.

Shares of Time Warner Cable rallied higher on Tuesday, gaining a stellar 3.95% on the day as the closing bell rang.