- Dec 4, 2013
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Comcast Calls Off Time Warner Cable Merger
The Huffington Post | By Alexander C. Kaufman & Jenny Che
Posted: 04/23/2015 3:12 pm EDT Updated: 04/24/2015 2:59 pm EDT
Comcast has scrapped plans to merge with Time Warner Cable in a $45.2 billion deal that would have combined the country’s two largest cable and broadband providers, the companies said Friday.
The move comes two days after the Federal Communications Commission said it planned to oppose the deal, joining lawyers from the Justice Department who felt it would not help consumers. The FCC said it would issue a “hearing designation order” that would prolong the deal, making it more difficult and expensive for Comcast. On Friday, FCC Chairman Tom Wheeler said the merger posed "unacceptable risk to competition and innovation."
(Read more: http://www.huffingtonpost.com/2015/04/23/comcast-time-warner-merger-off_n_7129492.html)
The Huffington Post | By Alexander C. Kaufman & Jenny Che
Posted: 04/23/2015 3:12 pm EDT Updated: 04/24/2015 2:59 pm EDT
Comcast has scrapped plans to merge with Time Warner Cable in a $45.2 billion deal that would have combined the country’s two largest cable and broadband providers, the companies said Friday.
The move comes two days after the Federal Communications Commission said it planned to oppose the deal, joining lawyers from the Justice Department who felt it would not help consumers. The FCC said it would issue a “hearing designation order” that would prolong the deal, making it more difficult and expensive for Comcast. On Friday, FCC Chairman Tom Wheeler said the merger posed "unacceptable risk to competition and innovation."
(Read more: http://www.huffingtonpost.com/2015/04/23/comcast-time-warner-merger-off_n_7129492.html)