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Crazy Naru

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Rumors

« on: May 09, 2006, 09:32:27 PM »

I have heard from Tele-Media (which is Adelphia in my area) that they were bought out by Comcast. My friend almost got a job at Tele-Media and he heard the samething while getting his interview. Im not too sure on this because first I didn't get any information on this from Adelphia and second they are setting up their new Extreme package.


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FallowEarth

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Re: Rumors

« Reply #1 on: May 09, 2006, 10:44:44 PM »

Comcast and Time Warner have been working out the details to cooperatively buy out Adelphia, who went bankrupt in 2002, for some time.

http://money.cnn.com/2005/04/21/technology/adelphia/
http://www.pcworld.com/resource/article/0,aid,120524,pg,1,RSS,RSS,00.asp
http://hraunfoss.fcc.gov/edocs_public/attachmatch/DA-05-1591A1.pdf

I have had trouble finding whether the deal has been officially finalized and the transaction made. But aside from the legalities, Adelphia has accepted the $17.6 Billion deal.


« Last Edit: May 09, 2006, 10:49:22 PM by FallowEarth »	Logged

Gib4500

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Re: Rumors

« Reply #2 on: May 09, 2006, 11:01:56 PM »

from what i know once the fcc accepts the deal it will be completed. They are expected to accept the deal. From what i have heard the transition over to Comcast and time warner is expected to be by late July.


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