Competitive cable provider (overbuilder?) Knology is said to be leading the chase to acquire Sunflower Broadband. According to Multichannel News, the Georgia-based Knology, which already has about 600,000 subscribers, would be willing to pony up about $127 million for Sunflower's 30,000 or so subs in Kansas.
Knology was reportedly among the frontrunners bidding on Bresnan Communications when that company went up for sale, but apparently fell short of the $1.4 billion Cablevision Systems was willing to shell out for the iconic Mountain States cable provider. Sunflower is more in line with other Knology acquisitions, including the 2007 purchase of PrairieWave Holdings for about $255 million.
No doubt more information will become available on Knology's acquisition plans when the service provider discusses its 2010 second quarter results during a conference call Aug. 4.
Six enter bidding for Bresnan Communications