Comcast, Time Warner to carve up Adelphia
Cable giants Time Warner and Comcast (have hammered out a $17.6 billion cash and stock deal to acquire bankrupt cable provider Adelphia Communications.
The acquisition, announced today, trumps Cablevision's $16.5 billion offer for Adelphia and brings more consolidation to the cable industry.
Read the complete story . (internetnews.com)
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