Comcast plans to drop Time Warner deal -Bloomberg
Source: Bloomberg
(Reuters) - Comcast Corp plans to drop its offer to buy Time Warner Cable Inc in the face of opposition from U.S. regulators, Bloomberg reported on Thursday, citing people with knowledge of the matter.
The cable operator could announce its decision as soon as Friday, Bloomberg said.
Read more: http://www.reuters.com/article/2015/04/23/comcast-timewarnercable-idUSL1N0XK2RM20150423
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hlthe2b
(101,701 posts)davidpdx
(22,000 posts)a) the Comcast/Time Warner merger; and b) Net Neutrality.
I'm not saying it wasn't worth it, just pointing out how many other issues we are losing or not making gains simply because we are getting blasted by the 1%ers.
napi21
(45,806 posts)I hope this decision stops other companies from even trying.
BlueEye
(449 posts)Comcast-Time Warner was going to be the Death Star of cable companies. And the argument that the companies needed to consolidate in the face of mounting pressure from online providers like Netflix doesn't hold up given how diversified they are already.
hedda_foil
(16,368 posts)Murdoch tried it last year and failed. I'm sure he's drooling over the chance for a do-over.
onenote
(42,373 posts)Murdoch tried to buy Time Warner Inc, not Time Warner Cable.
They're two entirely separate companies.
NJCher
(35,422 posts)I just heard this on my local public radio station; had to come here to see what DU-ers were saying.
This is great. I am so pleased.
Cher
Kelvin Mace
(17,469 posts)long overdue.
durablend
(7,414 posts)How the left has once again showed how they insist on "destroying America" and just how much they hate big business, a clear sign how we need a Republican in the White House.
Mark my words!
dixiegrrrrl
(60,010 posts)Damn, a mass protest that actually worked!!!
Let that be a lesson..standing up to bullies can be productive.
SoapBox
(18,791 posts)But what will be the next targets.