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BREAKING Bloomberg News: The Comcast-Time Warner Cable Merger is Dead

Comcast Corp. is planning to walk away from its proposed takeover of Time Warner Cable Inc., people with knowledge of the matter told Bloomberg News, after regulators decided that the deal wouldn’t help consumers, making approval unlikely.

A formal announcement on the deal’s fate may come as soon as Friday, said one of the people, who asked not to be named discussing private information.

[flv]http://www.phillipdampier.com/video/CNBC Comcast could drop TWC bid as soon as Friday 4-23-15.flv[/flv]

CNBC reports the merger deal is likely to be officially called off as early as Friday. (0:59)

More on the FCC Staff Recommendation for a Hearing on Comcast-Time Warner Cable Merger

Phillip Dampier April 23, 2015 Comcast/Xfinity, Competition, Consumer News, Public Policy & Gov't, Video Comments Off on More on the FCC Staff Recommendation for a Hearing on Comcast-Time Warner Cable Merger

[flv]http://www.phillipdampier.com/video/WSJ FCC Staff Recommends Hearing on Comcast-Time Warner Cable Merger 4-23-15.flv[/flv]

The FCC recommended a procedural move that could potentially sink Comcast’s proposed acquisition of Time Warner Cable. WSJ’s Shalini Ramachandran joins MoneyBeat. (3:01)

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Stop the Cap!