Comcast to exit merger deal with TWC - report

Friday 24 April 2015 | 09:00 CET | News
Comcast wants to pull out of its proposed takeover of Time Warner Cable as more administrative hurdles get set up and officials showing a marked lack of enthusiasm, the Wall Street Journal reprted, citing sources with knowledge of the matter. The deal awaited federal approval for more than a year, with opposition from the US Justice Department and Federal Communications Commission (FCC) sharpening over the past week. Comcast's board took a vote on the matter on 23 April and plan to come out with an announcement very soon. Time Warner Cable executives are expected to explain how the company

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Categories: Broadcast & Satellite / Fixed
Companies: Bright House Networks / Charter Communications / Comcast / FCC / Time Warner Cable
Countries: United States
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