Time Warner Cable Close to $3B Deal for Insight Communications -Bloomberg

Time Warner Cable (TWC) is in talks to purchase Carlyle Group's Insight Communications for about $3 billion, according to Bloomberg sources. A deal could be announced as early as Monday. New York based Insight is the ninth-largest U.S. cable operator, with 680,000 customers in Kentucky, Indiana, and Ohio. Carlyle took Insight private in 2005.