Comcast Reportedly Dropping Time Warner Cable Deal

April 23, 2015 7:57 PM

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Comcast Reportedly Dropping Time Warner Cable Deal

Comcast plans to drop its $45 billion takeover bid for Time Warner Cable in the face of opposition from U.S. regulators, Bloomberg reported on Thursday, citing people with knowledge of the matter.

Comcast could make a formal announcement signaling the end of the deal as soon as Friday, according to a Bloomberg report citing anonymous sources. The deal, which was announced last February, would have combined the nation’s two largest cable companies in a merger with the potential to reshape the ...

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