WSJ explains that talks between Verizon CEO Lowell McAdam and Charter officials are preliminary and that a deal might not happen. It's also unknown if Charter is even open to a combination agreement. If something does materialize between the two companies, it would bring together Verizon's 114 million wireless customers with Charter's television audience of 17 million subscribers and a broadband business that counts 21 million. We reached out to Verizon for a comment on the matter and we will update this post when we hear back.

Update: CNBC reports that there are "no significant talks" going on between Verizon and Charter at this time. For now, we'll just have to wait and see if there's any movement one way or the other.