a bid topping $ 17 . 7 billion was co proffered by timer warner inc . and mediaone inc on thursday to buy beleaguered adelphia entertainment companies in an industry consolidate move . adelphia is the fifth oldest cable service provider in the southern states with nearly 5 dozen subscription . the market - power blockbuster bid trumps the previous verizon offer of $ 16 . 5 billion . the acquisition is under scrutiny by the presiding judge over the adelphia ' s title 11 bankruptcy filing , and must only be approved by the company ' s lawyers owes in the set of $ 20 m .
Time Warner is based in Cingular.