Deals
Comcast Accuses Netflix, Discovery of Extortion in Filing
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Comcast Corp. accused companies criticizing its $45.2 billion bid for Time Warner Cable Inc. of “extortionate” demands and cited video streamer Netflix Inc. and programmer Discovery Communications Inc. as examples.
The comments by largest U.S. cable company Comcast, filed with U.S. regulators, were part of its defense of the deal to buy No. 2 Time Warner Cable. The proposed combination won’t harm competition and the added scale will let the new company invest more in its networks, Comcast told the Federal Communications Commission in the comments filed yesterday.