Vultures lurking over Adelphia

Adelphia Communications will soon go on the auction block, and will likely attract many buyers, according to this report. Apart from the usual suspects, Comcast and Time Warner, many expect private equity firms such as Providence Equity Partners and Spectrum Equity to get into the action. Analysts expect the hectic bidding could help Adelphia fetch somewhere between $17 and $20 billion. The bidding starts in about a week or so.