On October 7, 2013, Time Warner Cable Inc. announced that it has entered into a definitive agreement with Duke Energy Corporation and investment funds managed by Alinda Capital Partners to buy DukeNet Communications, LLC for $600 million in cash, including the repayment of debt. Edwards Wildman
provided legal counsel to Time Warner Cable. The Edwards Wildman deal team consisted of Pete Barrett, a partner in the firm's Providence office and co-chair of the firm's Technology, Media & Telecommunications Practice Group. Tax advice was provided by Karl Fryzel, attorney in Edwards Wildman's Boston office. The transaction received extensive media coverage, including articles in The Deal, The American Lawyer, Bloomberg, Law360, CED Magazine, Multichannel News, the New Statesman and RTT. For more information, please read the press release.