It looks like antitrust attorneys at the U.S. Department of Justice could file a lawsuit to block the Comcast merger with Time Warner Cable, Bloomberg reported Friday.
From the story:
Attorneys who are investigating Comcast’s $45.2 billion proposal to create a nationwide cable giant are leaning against the merger out of concerns that consumers would be harmed and could submit their review as soon as next week, [according to people familiar with the matter].
A Comcast rep quoted in the story expressed confidence that the acquisition would go through:
Read the full story“There is no basis for a lawsuit to block the transaction,” said Sena Fitzmaurice, a Comcast spokeswoman. The merger “will result in significant consumer benefits – faster broadband speeds, access to a superior video experience, and more competition in business services resulting in billions of dollars of cost savings.”
Join the conversation!
Find news, events, jobs and people who share your interests on Technical.ly's open community Slack