Comcast Kills Time Warner Cable Deal

Comcast Corp. on Friday ended its plans to acquire Time Warner Cable Inc., as increasing pressure from regulators prompted the end of the $45.2 billion deal.

“Today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn’t agree, we could walk away,” Comcast Chief Executive Brian Roberts said in a news release Friday.

via Comcast Kills Time Warner Cable Deal – WSJ.