Comcast (CMCSA) pulled the plug on its proposed acquisition of Time Warner Cable as analysts said the Obama administration’s opposition to the deal is a harbinger of tougher regulation for cable TV and broadband service companies. Both the Justice Justice and the Federal Communications Commission had signaled that the Comcast-TWC deal would be opposed. Many analysts expect major telecom M&A to be put on hold until after the 2016 presidential
If Comcast’s (CMCSA) proposed acquisition of Time Warner Cable (TWC) collapses from a regulatory steamroller, industry observers say both companies may resurface in telecom takeovers. Both the Department of Justice, which reviews mergers on antitrust grounds, and the Federal Communications Commission, which examines whether deals are in the public interest, have signaled that the Comcast-TWC deal could be shot down. The deal would combine the
Lawyers in the Department of Justice’s antitrust unit likely will recommend blockingComcast’s (CMCSA) $45.2 billion bid to buy Time Warner Cable (TWC), Bloomberg News reported, citing people familiar with the matter. The investigating lawyers reportedly are worried that consumers will be harmed by the creation of a nationwide cable television giant. The attorneys may submit their recommendation as soon as next week. The unit’s senior officials