Arab Today, arab today time warner cable close to buying insight for 3b
Last Updated : GMT 20:49:02
Arab Today, arab today
Arab Today, arab today

Time Warner Cable close to buying Insight for $3b

Arab Today, arab today

Arab Today, arab today Time Warner Cable close to buying Insight for $3b

Sao Paolo - Arabstoday

Time Warner Cable, the second largest US cable television operator, is in advanced talks to buy Carlyle Group\'s Insight Communications for about $3 billion (Dh11 billion), people with knowledge of the matter said. Time Warner Cable was expected to announce an agreement to buy Insight later on Monday, said the people, who spoke on condition of anonymity because the talks are private. The talks may also fail to lead to a deal, they said. The acquisition would be Time Warner Cable\'s biggest since its spin-off from Time Warner Inc in 2009 and may help the cable operator compensate for declining pay-TV demand. A wider footprint would let Chief Executive Officer Glenn Britt reach more customers and cut duplicate sales staff and infrastructure. Insight, based in New York, is the ninth-largest US cable operator, with 679,700 basic video customers in Kentucky, Indiana and Ohio, according to its website. Article continues below Carlyle, a Washington-based private equity firm, along with co-founder Sidney Knafel and Michael Willner, took Insight private in 2005. \"Keeping up the scale is quite important for the cable companies because they are able to leverage the scale in terms of the number of TV subscribers they have when they are making deal with the content owners,\" said Richard Broughton, an analyst at IHS Screen Digest in London. \"There are a lot of smaller operators all over the place.\" Justin Venech, a spokesman for Time Warner Cable, and Chris Ullman, a Carlyle spokesman, declined to comment. Time Warner Cable rose 77 cents to $65.51 on Friday in New York Stock Exchange composite trading. The stock climbed as much as 2.5 per cent in Germany and rose 1.4 per cent to the equivalent of $64.88 in Frankfurt yesterday. Two other private-equity firms, Crestview Partners and MidOcean Partners, bought a stake in Insight from Carlyle and other shareholders last year. Time Warner Cable wanted to pay about $2.5 billion for Insight and raised its offer after Insight\'s owners lowered their asking price.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today time warner cable close to buying insight for 3b Arab Today, arab today time warner cable close to buying insight for 3b

 



Arab Today, arab today
Arab Today, arab today Reveals his participation in "Fashion Star" TV show

GMT 12:49 2017 Wednesday ,01 March

Reveals his participation in "Fashion Star" TV show
Arab Today, arab today Tabarka beauty between sea, mountain

GMT 06:37 2017 Wednesday ,01 March

Tabarka beauty between sea, mountain
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN report confirms war crimes were committed

GMT 20:43 2017 Wednesday ,01 March

UN report confirms war crimes were committed
Arab Today, arab today NUMP's conference to discuss proplems

GMT 13:40 2017 Wednesday ,01 March

NUMP's conference to discuss proplems
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Lasers flesh out dino-bird profile

GMT 12:24 2017 Wednesday ,01 March

Lasers flesh out dino-bird profile
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Najla Badr will participate in “30 Days” drama

GMT 06:23 2017 Monday ,27 February

Najla Badr will participate in “30 Days” drama
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:54 2017 Wednesday ,01 March

Shanghai expands public smoking ban

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:27 2017 Wednesday ,01 March

GSMA: 5 billion mobile phone users in 2017

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday