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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