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Time Warner, Comcast in Deal to Buy Adelphia

Posted by CowboyNeal on from the changing-of-hands dept.

BlakeCaldwell writes "CNet reports that Time Warner and cable TV operator Comcast are set to pay $18 billion for bankrupt cable operator Adelphia Communications. The tentative deal, in cash and stock warrants, appears to beat off a potential rival bid by cable firm Cablevision Systems, which a separate source has said was preparing a $16.5 billion cash bid for Adelphia."

2 of 143 comments (clear)

  1. wohoo by Anonymous Coward · · Score: -1, Flamebait

    ::Does the First P0st dance::

  2. Re:Adelphia sucks ass by Anonymous Coward · · Score: -1, Flamebait

    why am I paying more for broadband today than I was 5 years ago?

    It's called inflation, you fucking retard!