In April 2005, Comcast and Time Warner Cable announced plans to buy the assets of bankrupted Adelphia Cable. The two companies paid a total of $17.6 billion in the deal that was finalized in the second quarter of 2006—after the U.S. Federal Communications Commission (FCC) completed a seven-month investigation without raising an objection. Time Warner Cable became the second largest cable provider in the U.S., ranking behind Comcast. As part of the deal, Time Warner and Comcast traded existing subscribers in order to consolidate them into larger geographic clusters. COUNT 5
QSN1 What bankrupt company did Comcast partner with another broadband provider to acquire in 2005? ANS1 Adelphia Cable QSN2 Who was Comcast's partner in the deal for Adelphia? ANS2 Time Warner Cable QSN3 What was the price to take over Adelphia? ANS3 $17.6 billion QSN4 What government organization investigated details of this acquisition? ANS4 the U.S. Federal Communications Commission QSN5 When was this deal finalized? ANS5 second quarter of 2006