Comcast drops $45B plan to buy Time Warner

April 23, 2015 8:34 PM

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Comcast drops $45B plan to buy Time Warner

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

"Today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn't agree, we could walk away," said Comcast Chief Executive Brian Roberts in a statement.

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