Topics

Federal Communications Commission
Comcast, Time Warner Cable scrub $45-billion merger under federal resistance
Comcast, Time Warner Cable scrub $45-billion merger under federal resistance

Pay-television leader Comcast Corp. withdrew its $45-billion bid for Time Warner Cable Inc. in the face of a long fight with federal regulators, sending the smaller cable firm on its own in a churning marketplace without the heft it had sought in a merger. The decision, announced Friday, came after federal regulators earlier this week made their opposition to the deal on antitrust grounds clear to both sides. Meanwhile, Charter Communications Inc. revived its interest in acquiring Time Warner Cable and its crown jewel markets of Los Angeles and New York, according to a person close to the situation who asked not to be identified discussing the situation. Charter, backed by...

Loading