Comcast said planning to withdraw offer for Time Warner Cable
Comcast Corp. is expected to walk away from its proposed takeover of Time Warner Cable Inc., people with knowledge of the matter said, after regulators apparently decided that the deal wouldn’t help consumers, making approval unlikely. Credit: AP / Gene J. Puskar
Comcast Corp. is planning to walk away from its proposed takeover of Time Warner Cable Inc., people with knowledge of the matter said, after regulators decided that the deal wouldn’t help consumers, making approval unlikely.
A formal annoucement on the deal’s fate may come as soon as Friday, said one of the people, who asked not to be named discussing private information.
This week, U.S. Federal Communications Commission staff joined lawyers at the Justice Department in opposing the planned $45.2 billion transaction.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
