Comcast has decided to abandon its plan to merge with Time Warner Cable, according to multiple press reports. The company is expected to make a formal announcement on Friday. About a week after reports emerged indicating the U.S. Department of Justice was leaning against Comcast’s $45.2 billion dollar bid to absorb TWC, unnamed sources told several news outlets that the Federal Communications Commission was leaning in the same direction and could starve the deal with years of appeals.
Loading ...
Comcast, Time Warner Cable Deal Undone
Posted by: Quinten Plummer April 23, 2015 04:05 PMComcast has decided to abandon its plan to merge with Time Warner Cable, according to multiple press reports. The company is expected to make a formal announcement on Friday. About a week after reports emerged indicating the U.S. Department of Justice was leaning against Comcast’s $45.2 billion dollar bid to absorb TWC, unnamed sources told several news outlets that the Federal Communications Commission was leaning in the same direction and could starve the deal with years of appeals.