a bidding around $ 17 . 7 percent was collectively justifications by cost warner inc . and comcast corporation on thursday to buying shaky adelphia communications corporations in an market amalgamation request . adelphia is the fifth largest media service organization in the united states with some 5 300 people . the market - share purchasing move trumps the previously warner bidding of $ 16 . 5 billion . the bid is under scrutiny by the supreme judge over the adelphia ' s chapter 11 bankruptcy petition , and must also be approved by the company ' s creditors obligations in the line of $ 20 m .
Time Warner is based in Cingular.