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.”
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