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Aquisitions / Federal government

Comcast-Time Warner Cable merger is dead: Bloomberg report

Why? It doesn't look like the deal will get regulatory approval.

The Comcast Center in Center City Philadelphia. (Photo by Flickr user Knitting Zeal, used under a Creative Commons license)
Full disclosure: Comcast is the title sponsor of Philly Tech Week 2015.

Comcast’s proposed merger with Time Warner Cable is dead, according to a Bloomberg report published Thursday afternoon.
Comcast plans to walk away from the $45 billion deal because it doesn’t look like it will get regulatory approval, sources familiar with the deal told Bloomberg. The company could make an announcement as soon as tomorrow. The news comes one week after Bloomberg reported that lawyers at the U.S. Department of Justice were considering filing a lawsuit to block the merger.
We’ve reached out to a Comcast spokeswoman for comment.
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Companies: Comcast
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