Comcast Plans to Drop Time Warner Cable Deal

April 23, 2015 7:21 PM

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Comcast Plans to Drop Time Warner Cable Deal

Comcast Corp. is planning to walk away from its proposed takeover of Time Warner Cable Inc., people with knowledge of the matter said, after regulators planned to oppose the deal.

Comcast is planning to make a final decision on its plans Thursday, and a 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.

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