Cox selling systems to cable pioneer
A Reuters newswire article, via CNN/Money, reports that:
A private-equity group led by cable entrepreneur Jerry Kent is set to purchase a group of cable systems from Cox Communications Inc. for $2.5 billion to $3 billion, the Wall Street Journal reported Tuesday, citing people familiar with the matter.
Kent's company, Cebridge Connections Inc., and its financial backers, Goldman Sachs Group Inc.'s private-equity arm and Oaktree Capital Management LLC, will buy systems serving about 900,000 subscribers in eight states, the paper said.
Last-minute details of the deal were being worked out last night and it was still possible it could hit a snag, these people warned.
posted by Fergie @ 11/01/2005 08:42:00 AM
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