Comcast, Time Warner to carve up Adelphia

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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)