Media M&A » By The Online Investor Staff, updated Sat., Apr. 20, 6:42 AM
Recent mergers and acquisitions in the Media M&A category.
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Slide #79. Time Warner Cable — DukeNet Communications
Acquirer:
Time Warner Cable (TWC)
Acquiree:
DukeNet Communications
Details:
Time Warner Cable Inc. (NYSE:TWC) today announced that it has entered into a definitive agreement with Duke Energy Corporation and investment funds managed by Alinda Capital Partners to buy DukeNet Communications, LLC for $600 million in cash, including the repayment of debt.
Time Warner Cable is a provider of video, data and voice services, with cable systems located mainly in five geographic areas: New York State, the Carolinas, the Midwest, Southern California and Texas. Co. provides data and voice services to residential and business services customers. Co.'s residential services also include security and home management services, and its business services also include networking and transport services and enterprise-class, cloud-enabled hosting, managed applications and services. Co. also sells video and online advertising inventory. As of Dec 31 2014, Co. served 14.5 million residential customers and 687,000 business customers.
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Avg. Broker Rec.
 
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