Thursday, April 23, 2015

Comcast Is Said to End $45 Billion Bid for Time Warner Cable

Comcast is planning to abandon its $45 billion takeover of Time Warner Cable after the deal encountered intense regulatory scrutiny over whether it was anticompetitive and in the public interest, people briefed on the matter said on Thursday.

The merger would have united the country’s two largest cable operators and reshaped the country’s video and broadband markets. Just a day earlier, Comcast met with the Justice Department and the Federal Communications Commission.

More:  http://www.nytimes.com/2015/04/24/business/media/comcast-time-warner-cable-merger.html

No comments: