Charter Communications Inc., backed by billionaire John Malone, is working with Goldman Sachs Group Inc. to pursue a bid for Time Warner Cable Inc., according to people with knowledge of the situation.

The move signals that Malone and Charter Chief Executive Officer Tom Rutledge are serious about revisiting a potential merger after being rebuffed by Time Warner Cable earlier this year, said one of the people, who asked not to be identified because the matter is private.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.