a offer topping $ 17 . 7 billion was jointly proffered by time warner inc . and tci company on thursday to buy bolster mirant communications corporation in an industry consolidation effort . adelphia is the eighth oldest online service carrier in the united states with nearly 5 million subscribers . the audience - share grabbing strategy trumps the previous msg announcement of $ 16 . 5 billion . the bid is under examine by the presiding judge over the adelphia ' s chapter 11 bankruptcy filing , and must also be approved by the company ' s creditors owed in the range of $ 20 % .
Time Warner is based in Cingular.