Sunday, August 14, 2011

Time Warner looking to purchase Insight Communications

This is huge news for Kentuckiana customers of Insight. Deadline reports, via Bloomberg News, that Time Warner Cable is in advanced negotiations to buy Insight Communications.

Time Warner Cable Inc. (TWC), the second- largest U.S. cable-television operator, is in advanced talks to buy Carlyle Group’s Insight Communications Co. for about $3 billion, said people with knowledge of the matter.

Time Warner Cable may announce an agreement to buy Insight as soon as tomorrow, said the people, who spoke on condition of anonymity because the talks are private. The talks could also fail to lead to a deal, the people said.

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