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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. Why buy adelphia... by Anonymous Coward · · Score: -1, Offtopic

    ...when you can have two?

  2. Enough of that, let's talk about toast. by Anonymous Coward · · Score: -1, Offtopic

    Sooo... toast. Toast owns. Everyone likes toast, right?

    Hot, oral buttery toast!

  3. Um... by Lullabye_Muse · · Score: -1, Offtopic

    comcast sucks I don't know really can't stand them in general after the whole g4/techtv business.

  4. Big whoop by Anonymous Coward · · Score: -1, Offtopic

    I just wish someone would buy out Cablevision and give me a decent cable service.

  5. Why would anyone want to buy Adelphia? by Anonymous Coward · · Score: -1, Offtopic

    Don't get me wrong, the cheesesteaks kick ass, but the taxes are too high to make up for the cheap wi-fi. Society Hill might be nice to own, but North Adelphia is going to be a bitch to try to run profitably.