Time Warner Cable Inc. has entered into a definitive merger agreement to acquire Insight Communications Co. for $3 billion in cash in its biggest acquisition since the 2009 spinoff from Time Warner Inc. The deal, reported in the The New York Times, The Wall Street Journal and other media outlets, joins two of the ten largest U.S. cable operators by subscribers, and is expected to result in cost savings of about $100 million through programming expense savings and other cost reductions. Insight Communications is owned by the Carlyle Group, MidOcean Partners and Crestview Partners.

The Paul, Weiss team advising Time Warner Cable includes corporate partners Ariel J. Deckelbaum, Thomas V. de la Bastide III, John C. Kennedy and Robert B. Schumer, and counsel Brian P. Finnegan; tax partner Jeffrey B. Samuels, and counsel John L. Hynes and Alyssa F. Wolpin; employee benefits partner Robert C. Fleder, and counsel Reuven Falik and Erin Murphy; real estate partner Mitchell L. Berg; environmental counsel William J. O’Brien; intellectual property partner Charles H Googe Jr. and counsel Claudine Meredith-Goujon; and antitrust partner Joseph J. Simons.