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Published: 26 May 1999 17:18 BST
Billionaire, Paul Allen, one of the co-founders of Microsoft, is to pay $3.6bn in cash and stock to acquire Falcon Cable TV.
The move will see Allen's Charter Communications, fourth largest cable operator in the US, increase its subscriber list by one million to 5.5 million customers.
Privately-held Falcon, the eighth largest cable TV operator in the US, offers high-speed Net access and interactive TV to Southern California.
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