Thursday April 23, 2015

Comcast Plans To Drop Time Warner Cable Deal

Bloomberg, citing sources "with knowledge of the matter," claims that Comcast is abandoning the merger with Time Warner.

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.

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