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Comcast merger with TW may be dead

A number of news sources are reporting today that Comcast has or will very soon walk away from the Time Warner merger. Obviously anything can happen until it's official. If  true, a smaller company (Charter?)  may merge with TW too. Bloomberg is reporting as follows:
4/23/2015:  [font=NHaasGroteskDSPro-75Bd, 'Helvetica Neue', Helvetica, Arial, sans-serif]Comcast Plans to Drop Time Warner Cable Deal[/font]
[font=NHaasGroteskDSPro-75Bd, 'Helvetica Neue', Helvetica, Arial, sans-serif]"...[/font][font=NHaasGroteskDSPro-75Bd, 'Helvetica Neue', Helvetica, Arial, sans-serif][font=TiemposTextWeb-Regular, Georgia, serif]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.  [/font][/font][font=TiemposTextWeb-Regular, Georgia, serif]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...."[/font]


http://www.bloomberg.com/news/articles/2015-04-23/comcast-said-planning-to-withdraw-offer-for-time-warner-cable
 

Admin65

Administrator
Staff member
Maybe a good thing for competition, though I could see Comcast and others wanting to buy bits and pieces, or Charter going in for the kill by merging with TWC.
 
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