Wednesday, April 22, 2015

Comcast to square off with DOJ on merger

It will meet with Justice Department officials to talk possible concessions on its $45 billion Time Warner Cable deal.

Comcast heads into high-stakes negotiations with the Justice Department Wednesday, trying to keep its $45 billion Time Warner Cable deal alive amid mounting skepticism from regulators, according to sources familiar with the merger review.

The transaction, announced in February 2014, would combine the nation’s two largest cable companies, giving Comcast access to subscribers in key markets like New York and Los Angeles and control over a bigger chunk of the broadband market. A report from Bloomberg News last week said staff attorneys in DOJ’s antitrust division are poised to recommend against approval due to concerns that Comcast would have too much sway over TV programming and high-speed Internet service.

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