Topics

Charter Communications, Inc.
Comcast is ending bid for Time Warner Cable
Comcast is ending bid for Time Warner Cable

Comcast Corp. is pulling the plug on its $45-billion purchase of Time Warner Cable, conceding it had little chance of overcoming stiff resistance from regulators, lawmakers and consumers who mobilized to block the merger. The deal collapsed after high-level meetings with regulators in which Comcast executives learned that the government was gearing up to challenge its plan to combine the nation's two largest cable companies. The merger would have created a colossus that reached 30 million cable TV and high-speed Internet customers in the U.S., including 2 million in Southern California. Comcast is expected to formally announce it is withdrawing its bid as early as Friday,...

Loading