Comcast said to abandon $45B merger with TWC

Posted onAuthorPaul Sweeting

Comcast is reportedly dropping its $45 billion plan to merger with Time Warner Cable amid signs of opposition from federal regulators.The report from Bloomberg News on Thursday comes after heightened scrutiny from both the Justice Department and the Federal Communications Commission (FCC), which have shown concern about the combination of the nation’s two largest cable companies.

via Comcast said to abandon $45B merger with TWC | TheHill.