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Time Warner to buy Insight for 3 billion
by madhouse Sunday 14-Aug-2011
(Reporting by Yinka Adegoke, Writing by Michael Erman; Editing by Dale Hudson and Muralikumar Anantharaman)

(Reuters) - Time Warner Cable has reached a deal to buy The Carlyle Group's cable operator Insight Communications Co for around $3 billion in cash, a source familiar with the matter said on Sunday.
Time Warner could announce the deal as soon as Monday morning, the source said.

»us.mobile.reuters.com/article/bu···rpc=932

Insight is the 10th-largest cable operator in the United States, Carlyle's website says. It sells cable television, high-speed Internet and telephone services, serving around 750,000 customers in Illinois, Indiana, Kentucky and Ohio.


More on our front page here: »Time Warner Cable to Buy Insight for $3 Billion

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