M&A Deal Summary

Comcast and Time Warner Cable Acquire Adelphia Communications

On July 31, 2006, Comcast and Time Warner Cable acquired communications company Adelphia Communications for 17.6B USD

Acquisition Highlights
  • This is Comcast’s 3rd and Time Warner Cable’s 1st transaction in the Communications sector.
  • This is Comcast’s 2nd and Time Warner Cable’s largest (disclosed) transaction.
  • This is Comcast’s 3rd and Time Warner Cable’s 2nd transaction in the United States.
  • This is Comcast’s 1st and Time Warner Cable’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2006-07-31
Target Adelphia Communications
Sector Communications
Buyer(s) Comcast
Time Warner Cable
Deal Type Special Situations/Distressed
Deal Value 17.6B USD

Target

Adelphia Communications

Coudersport, Pennsylvania, United States
Adelphia Communications was the country’s sixth largest cable television operator and, through various subsidiaries, provided cable television and local telephone service to customers in twenty-nine states and Puerto Rico.

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Buyer(S) 2

Buyer

Comcast

Philadelphia, Pennsylvania, United States
Category Company
Founded 1963
Sector Media
Employees186,000
Revenue 121.6B USD (2023)
DESCRIPTION
Comcast Center in downtown Philadelphia, Pennsylvania.
Comcast Center in downtown Philadelphia, Pennsylvania.

Comcast is a media and communications company that provides entertainment, information, and communications products and services in the United States and internationally. Comcast was incorporated in 1963 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 3 of 26
Sector (Communications) 3 of 7
Type (Special Situations/Distressed) 1 of 1
State (Pennsylvania) 1 of 3
Country (United States) 3 of 24
Year (2006) 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-17 Lenfest Communications

United States

Lenfest Communications, Inc., is a diversified entertainment and communications company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Fandango

Los Angeles, California, United States

Fandango, Inc. is an online movie destination and ticketing source. Fandango entertains and informs consumers with reviews, commentary, celebrity interviews and trailers, and offers the ability to quickly select a film, plan where and when to see it, and conveniently buy tickets in advance.

Buy $200M
Buyer

Time Warner Cable

New York, New York, United States
Category Company
Sector Communications
Employees51,200
Revenue 22.8B USD (2014)
DESCRIPTION
Time Warner Cable office in Herndon, Virginia.
Time Warner Cable office in Herndon, Virginia.

Time Warner Cable Inc. is a US provider of video, high-speed data and voice services. Time Warner Cable is based in New York City.

DEAL STATS #
Overall 2 of 7
Sector (Communications) 1 of 4
Type (Special Situations/Distressed) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 6
Year (2006) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-23 eVoice

Menlo Park, California, United States

eVoice, Inc. provides telecommunication and voice mail storage notification services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-24 mousebreaker

United Kingdom

Mousebreaker, launched in 2001, publishes over 200 free online flash-based games.

Buy -
Mergr

Product

Company

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