Charter Communications is lining up an agreement with banks to borrow money to make an offer for Time Warner Cable, reports The Wall Street Journal.

Charter has held talks with Bank of America, Barclays and Deutsche Bank about “a multi-billion dollar debt package that would underpin an offer for Time Warner Cable, which has a market capitalization of nearly $35 billion,” the story reports.

The piece adds: “Another possible source of cash for a bid, according to people familiar with the matter: sovereign wealth funds and wealthy individuals. Arranging equity commitments from such parties could allow Charter to increase the cash component of the deal without taking on too much debt.”

The piece notes that there’s no guarantee a bid will emerge, and the timing isn’t clear.

“A merger of Time Warner Cable and Charter could spark a fresh wave of consolidation in the cable-TV industry, which has been steadily losing television subscribers to satellite operators and phone companies and faces new threats from online video,” the report notes.