Liberty May Consider Joint Bid for Adelphia
From Associated Press
Liberty Media Corp. may consider a bid for Adelphia Communications Corp. if it could forge a partnership with Cox Communications Inc., a Liberty executive said.
Robert Bennett, president and chief executive of Liberty, told investors that his company would not submit a bid for Adelphia on its own but would be interested in a joint bid if it would help Liberty increase its stake in Discovery Communications Inc. Liberty and Cox each own 50% of Discovery.
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