A private-equity group led by cable entrepreneur Jerry Kent is set to purchase a group of cable systems from Cox Communications Inc for $2.5 billion to $3 billion, the Wall Street Journal reported on November 01, citing people familiar with the matter.

Kent's company, Cebridge Connections Inc, and its financial backers, Goldman Sachs Group Inc's private-equity arm and Oaktree Capital Management LLC, will buy systems serving about 900,000 subscribers in eight states, the paper said.

Last-minute details of the deal were being worked out last night and it was still possible it could hit a snag, these people warned.

Copyright Reuters, 2005