Printed from http://www.electronista.com

Time Warner Cable said buying Insight for $3b

updated 10:35 pm EDT, Sun August 14, 2011

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.

Most of the other known bidders were other cable providers, such as Cablevision, Mediacom, and WideOpenWest. Time Warner had managed to become the exclusive candidate in July and would only have opened bidding back up again had it backed out.

Final terms were supposedly being wrapped up Sunday night with a deal going public as soon as Monday. Neither of the involved parties has confirmed the deal.

The acquisition won't necessarily affect inter-market competition. Most cable Internet providers in the US have effective monopolies as they usually only have either one major DSL or fiber-based competitor, or are virtually unopposed.

If accurate, however, the buyout could raise concerns about further consolidation in TV and Internet access in the US right as regulators are more closely watching the industry. The FCC is in the midst of enacting its net neutrality rules and designed the rules for wired Internet access to prevent companies like Time Warner Cable from hindering competing services, especially Internet audio and video services. A union between TWC and Insight also follows just several months after the approval of the Comcast-NBC deal, which itself reduced choices in media even with terms meant to protect Hulu and other sources.



By Electronista Staff
toggle

Comments

  1. Gepard

    Fresh-Faced Recruit

    Joined: Sep 2000

    +2

    Their website

    Insight's website looks very familiar. Check this out:

    http://www.myinsight.com/Product-Broadband-Dashboard.asp

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Linksys WRT1200AC Wi-Fi Router

Once upon a time, a brand-new Linksys router showed up on our doorstep. So we gathered some network-minded friends together, and hooke ...

Rapoo A300 Mini Bluetooth NFC Speaker

The Rapoo Bluetooth Mini NFC Speaker is a little metallic box about the size of a baseball. In spite of its small size, we were very p ...

Neurio Intelligent Home Monitor

The recently released Neurio Intelligent Home Monitor is a piece of hardware that, when integrated into a home's breaker box, monitors ...

Advertisement

toggle

Most Commented

 
toggle

Popular News