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Adelphia Closes $12.5 Billion Asset Sale to Comcast, Time Warner Cable

Authored by Mark Hefflinger on August 1, 2006 - 5:12pm.
Greenwood Village, Calif. - Bankrupt cable TV provider Adelphia announced on Tuesday that it has completed the sale of its assets to Time Warner Cable and Comcast for a combined $12.5 billion in cash, and about 16% of Time Warner Cable equity.
tags: Investing | Comcast | Cable | Time Warner Cable | Adelphia | Asset Sales | Bankruptcies |