Comcast dropping $45B plan to buy Time Warner, reports say

April 23, 2015 8:34 PM

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Comcast dropping $45B plan to buy Time Warner, reports say

Amid mounting criticism and concern from federal regulators, Comcast is reportedly walking away from the $45 billion deal. But it won't owe Time Warner a dime.

Philadelphia-based Comcast announced the plan 14 months ago but the acquisition has proceeded so slowly and is lined with so many obstacles, apparently, that executives have decided to abandon the idea, several news outlets reported.

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