Saturday, April 18, 2015

Review of Comcast Deal Is Said to Raise Concerns

The staff lawyers at the Justice Department reviewing Comcast’s proposed $45 billion takeover of Time Warner Cable have raised concerns about the merger and are leaning toward recommending that it be blocked, according to a person with knowledge of the deliberations.
The development represents only a preliminary step, and senior Justice Department officials could overrule any recommendation from their staff lawyers.
Announced in February 2014, the merger between Comcast and Time Warner Cable would unite the two largest cable operators in the United States, controlling just under 30 percent of the country’s pay television subscribers. It also would control an estimated 35 to 50 percent of the nation’s broadband Internet service, depending on how regulators defined the market.

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