Comcast Corp. and Paul Allen's Vulcan Inc. were expected to extend a "put"
agreement the MSO has regarding its shares of Charter Communications Inc., worth
about $725 million, sources said.
Allen and Comcast agreed to postpone the put agreement for 30 days April 14.
Sources said the two parties were expected to extend the deadline for the put
again, beyond May 14.
Last month, sources said Allen was negotiating a three-way deal where he
would pay the cash to Charter, which, in turn, would transfer cable systems with
equal value to Comcast.