The $3 billion Time Warner Cable paid to acquire Insight...
The $3 billion Time Warner Cable paid to acquire Insight Communications looks like a fair price, said Citi analyst Jason Bazinet in a note to investors. Factoring in some cost savings and Insight’s non-operating losses, the price translates to an…
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earnings multiple that’s in line with TWC’s own public valuation at the time of the transaction, he said. “Furthermore, we believe Insight may improve TWC’s” return on invested capital by 10 basis points, he said. Meanwhile, the proceeds from its proposed spectrum sale to Verizon Wireless should allow TWC to continue returning cash to shareholders, he said.