FinanceLight Readingabout 1 hour ago
Judge Halts Cable One Mega Broadband Deal
3 min read
A New York federal judge temporarily blocked Cable One's pending deal to acquire the rest of Mega Broadband Investments for $480 million. The order arrived after lender CoBank sued, arguing the transfer would compromise loan repayment. Cable One shares dropped 26.78% to $11.14, with a 90.13% decline in 2026. The target owns Vyve Broadband with 210,000 customers.
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