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Comcast Drops Time Warner Cable Bid Amid Opposition

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Dead: The Merger Deal Between Comcast and TWC

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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.