Comcast Drops Time Warner Cable Bid Amid Opposition
Dead: The Merger Deal Between Comcast and TWC
Alex Sherman, Gerry Smith and Todd Shields
Updated on
Comcast Corp. dropped its $45.2 billion deal to buy Time Warner Cable Inc., officially pulling the plug after concluding the merger would be rejected by regulators.
Comcast announced its decision Friday in a statement after a meeting of its board the night before. U.S. Justice Department and Federal Communications Commission objections made it clear the deal was dead.
