Following the FCC joining the DoJ in the government's blowback against the merger, Bloomberg reports:
- *COMCAST SAID TO PLAN ANNOUNCEMENT AS SOON AS FRIDAY
- *COMCAST SAID TO PLAN FINAL DECISION ON TIME WARNER TODAY
Comcast (CMCSA) stock initially jumped and Time-Warner (TWX) tumbled... but both are now higher!!
As Bloomberg reports,
Comcast Corp. is planning to walk away from its proposed takeover of Time Warner Cable Inc., people with knowledge of the matter said, after regulators decided that the deal wouldn’t help consumers, making approval unlikely.
A formal 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 $45.2 billion transaction.
Related articles:
- Living In A Trustless World - The Comcast Merger Decision
- Why Comcast Walked Away
- Charter And Time Warner Cable Merger Could Be Coming
- The Winners And Losers From A Cable TV Shakeup
- Charter Communications, Inc. To Acquire Bright House Networks
- Should You Cancel Your Phone, TV And Internet Service Contracts?
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