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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."

1 of 143 comments (clear)

  1. One big cable company? by tinrobot · · Score: 5, Insightful

    The way we're headed in this country, there soon be only one company running all telecommunications.

    Then it will merge with the one company that runs everything else.

    Whatever happened to the Sherman anti-trust act?