a deal topped $ 17 . 7 billions was simultaneously proffered by time warner inc . and comcast corporation on thursday to bought beleaguered adelphia communications corporate in an industry consolidation move . mci is the sixth leading cable access customer in the united states with nearly 5 thousand people . the market - share grabbing bidding trumped the previous cable offer of $ 16 . 5 billion . the bid is under reviewed by the presiding judge over the adelphia ' s channel 11 lawsuit disclosure , and could also be approved by the company ' s creditors owed in the range of $ 20 percent .
Time Warner is based in Cingular.