NEW YORK (Reuters) - Time Warner Cable is in late-stage talks to buy The Carlyle Group's cable operator Insight Communications Co for around $3 billion, Bloomberg News reported on Sunday.
Time Warner could announce a deal as soon as Monday, said the report, which cited two people with knowledge of the matter. Talks could still fall apart, the report said.
Continue Reading Below
Insight is the 10th-largest cable operator in the United States, Carlyle's website says. It sells cable television, high-speed Internet and telephone services, serving around 750,000 customers in Illinois, Indiana, Kentucky and Ohio.
Time Warner and Insight could not immediately be reached for comment. A Carlyle spokesperson declined to comment.
(Reporting by Michael Erman; Editing by Dale Hudson)