Two of the largest cable companies in the US are intent on merging. Charter Communications’ proposed acquisition of Cox Communications — the largest division of Cox Enterprises — will value the former at over $34 billion inclusive of debt.

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.

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