Financial Times FT.com

Adelphia to seek approval for sale

By Aline van Duyn and James Politi in New York

Published: April 19 2005 02:00 | Last updated: April 19 2005 02:00

Adelphia Communications, the bankrupt cable operator, will on Wednesday seek bankruptcy court approval for its sale to Time Warner and Comcast for up to $18bn.

If the offer gets the go-ahead from the court, which seems likely following positive indications at a preliminary hearing earlier this month, a deal could be announced this week.

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