First Round Bids Expected for Insight Communications

Insight Communications Co., which is owned by The Carlyle Group, is expecting a first round of bids in the next two weeks, as the company gears up to sell itself, Reuters reported. Insight Communications is the ninth-largest cable operator in the U.S., and an auction is expected to fetch between $3.5 billion and $4 billion. Blackstone Group, BC Partners, CVC Capital Partners, Hellman & Friedman and KKR are widely expected to participate, Reuters wrote.

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