Comcast, Time Warner said to meet with feds this week on merger

April 20, 2015 4:33 PM

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Comcast, Time Warner said to meet with feds this week on merger

Comcast Corp. and Time Warner Cable Inc. will meet with the U.S. Department of Justice this week to discuss their planned merger, and Comcast could ultimately walk away from the deal if concessions needed to win approval are too strict, according to people familiar with the matter.

Staff attorneys in the Justice Department’s antitrust division are preparing to recommend blocking the $45.2 billion deal on the grounds that the creation of a nationwide cable giant would hurt consumers, sources said last week.

Also read: Lawmakers Change Their Tone on AT&T and Time Warner Deal

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