Report: Justice Dept. will nix Comcast bid for Time Warner Cable

April 17, 2015 7:19 PM

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Comcast stock was down 2.5% and Time Warner Cable down 1.3% on a report that the Justice Department's antitrust division will block Comcast's bid to buy Time Warner Cable Inc..

Bloomberg News reported Friday that Justice lawyers looking into the proposed $45.2 billion merger are leaning against it. They could submit their findings by next week, the report said.

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