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Time Warner Cable said buying Insight for $3b

08/14, 10:35pm

TWC to reduce competition with Insight deal

Time Warner is about to try and consolidate the cable industry further by buying Insight, a last-minute leak brought out Sunday night. The deal would buy Insight out from the Carlyle Groupe for $3 billion and absorb the cable provider's debts. Final bidding had wrapped up at the start of the July, WSJ said, and the new deal was just Insight reaching a promised target of picking a winning buyer within a month's time.

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