Report: Comcast could drop bid to buy Time Warner Cable

April 23, 2015 8:34 PM

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Report: Comcast could drop bid to buy Time Warner Cable

An unnamed source told The New York Times of the cable company's intent to drop the bid after intense regulatory scrutiny by the U.S. Department of Justice.

Comcast, Time Warner Cable the U.S. Federal Communications Commission offered no comment on the news, but a DOJ spokesperson told CNBC the department would continue its review of the deal. The DOJ said it was "not aware of anything" related to a plan to drop the deal.

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