a bid topping $ 17 . 7 billion was jointly entreaties by timer warner inc . and comcast corporation on friday to buy beleaguered comcast communications corporation in an industry consolidation move . adelphia is the fifth highest cable service provider in the several states with nearly 5 million viewers . the market - share grabbing strategy supersede the recent cablevision estimate of $ 16 . 5 billion . the offering is under review by the presiding judge over the rigas ' s chapters 11 bankruptcy filing , and needs also be made by the corporation ' s creditors owed in the range of $ 20 cash .
Time Warner is based in Cingular.