Daridram Vadhilindhi: Comcast Plans To Drop Time Warner Cable Deal

[Dennis_The_Menace]

 

Comcast Corp. is planning to walk away from its proposed $45 billion takeover of Time Warner Cable Inc., people with knowledge of the matter said, after regulators planned to oppose the deal.

Comcast is planning to make a final decision on its plans Thursday, and an announcement 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 transaction. FCC officials told the two biggest U.S. cable companies on Wednesday that they are leaning toward concluding the merger doesn’t help consumers, a person with knowledge of the matter said.

 

An FCC hearing can take months to complete and effectively kill a deal by dragging out the approval process beyond the companies’ time frame for completion. Justice Department staff is also leaning against the deal, Bloomberg reported last week.

 

Comcast shares rose 2.2 percent to $60.06 at 3:07 p.m. in New York, while Time Warner Cable climbed 0.5 percent.

Sena Fitzmaurice, a spokeswoman for Comcast, declined to comment.

[Spartan]

good for market....and people..

[k2s]

matter pls 

[Spartan]

matter pls 

 

Comcast thought of buying TWC for 45B$..

 

now it is dropping the plan..as it will not pass the regulation stuff...

[k2s]

Comcast thought of buying TWC for 45B$..

 

now it is dropping the plan..as it will not pass the regulation stuff...

mari ekkadoo charges drop ani undi endi . adi enti ?

[aragorn]

aithe manakee emi labam, chala mandi already cord cutting so just internet kee already chala competition vundhi ga

[ILAQAT_MUFLIYA]

Hmmmmm #KATHARCARE

[Yuvatha]