TITLE

Pretty Price: Insight Sells for $3B in Cash

AUTHOR(S)
FARRELL, MIKE
PUB. DATE
August 2011
SOURCE
Multichannel News;8/22/2011, Vol. 32 Issue 32, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the three billion dollars all-cash agreement between Insight Communications Co. Inc. and Time Warner Cable (TWC). It states that a five-month odyssey for Insight is being ended by the deal, which was blocked in March 2011. It says that the agreement signifies also the end of Michael Willner's era, who is the chief executive officer (CEO) of Insight. It adds that the deal will be financed through the existing cash reserves of TWC.
ACCESSION #
65079449

 

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