Charter Communications is merging with Cox Communications in an approximately $34.5 billion deal that brings together two of the biggest cable companies in the country.

Cable companies Charter and Cox are teaming up to fight against cord-cutting. Despite their best efforts, they probably can't stop the inevitable.

By Aditya Soni, Jaspreet Singh and Milana Vinn (Reuters) -Charter Communications on Friday agreed to buy privately held rival Cox Communications for $21.9 billion, combining two of the largest U.S. cable and broadband operators in their battle with streaming giants and mobile carriers.