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July 12, 2005
Will Time Warner make a bid for Cablevision?
Time Warner could be ready to consolidate its market position in the cable industry with an acquisition of Cablevision, surmises the New York Daily News. (Although CNN says that any Cablevision deal is definitely on the backburner until Time Warner's Adelphia deal goes through) At a media retreat in Sun Valley last week, Time Warner CEO Dick Parsons hinted that a deal for Cablevision would make sense at some point in the future. In June, the Dolan family offered to pay $7.9 billion to take the company private (about $33.50 a share); a Time Warner bid would be closer to $35-$40 a share, say analysts.
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