Latham & Watkins and Skadden, Arps, Slate, Meagher & Flom nabbed work on both Charter Communications Inc.'s proposed $55 billion merger with Time Warner Cable (TWC) and Avago Technologies' $37 billion acquisition of Broadcom Corp.

It seems that TWC has staked a claim for the title of most popular target in town—after being stood up by would-be acquirer Comcast in a $45 billion deal scuttled last month because of regulatory pressure. But Charter came calling yet again with a bevy of other cable providers in tow. Over the last two years, Charter has faithfully pursued Time Warner with other offers and, more recently, a hostile bid that lost out to Comcast's now-defunct deal.

Charter, however, hopes that the second time around it might have more success. On Tuesday, the Stamford, Connecticut-based cable company announced a staggering $78.7 billion—including debt—bid to acquire TWC and create a combined entity to challenge industry leader Comcast. The deal, which hopes to close by year's end, will form a new public parent company called New Charter.