Startups

DOJ lawyers may block Comcast-Time Warner Cable merger: Bloomberg report

A Comcast rep quoted in the story expressed confidence that the acquisition would go through.

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:

“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.”

Read the full story
Full disclosure: Comcast is the title sponsor of Philly Tech Week 2015.
Companies: Comcast

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

EDA officials are ‘hopeful’ Tech Hubs program will live on under Trump

AI is being used in more and more of the hiring process, especially at high-volume companies

How a laid-off AI enthusiast pivoted to become a founder — while holding down a day job

From rejection to innovation: How I built a tool to beat AI hiring algorithms at their own game

Technically Media