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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."

5 of 143 comments (clear)

  1. I'll tell ya' by ImaLamer · · Score: 5, Funny

    Whatever happened to the Sherman anti-trust act?

    It was bought by the Telecommunications Act of 1996 to become Media0wns1

    --
    Get your Unix fortune now!
  2. Uhh. by \\ · · Score: 2, Funny

    I wish a potential rival would beat me off.

  3. So... by FlyByPC · · Score: 3, Funny

    I subscribe to Adelphia's cable-Internet service;

    It looks like Time-Warner will buy Adelphia;

    ...Does this mean I'm gonna become an AOLer?!?
    NOOOOOOO!!!!

    --
    Paleotechnologist and connoisseur of pretty shiny things.
  4. Re:How long can this consolidation trend go on for by JPriest · · Score: 2, Funny

    Hope they both pay well? :)

    --
    Saying Java is nice because it works on all OS's is like saying that anal sex is nice because it works on all genders.
  5. Of course!!!! by goon+america · · Score: 3, Funny

    I've said it before, I'll say it again -- modern corporations are just too damn small!