Two Agencies Probes Proved Too Much for Comcast

April 24, 2015 5:59 AM

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WASHINGTON-- Comcast Corp.'s soon-to-be abandoned plan to acquire Time Warner Cable Inc. ran up against the challenge of overcoming scrutiny by two federal agencies, including a Justice Department antitrust review that was more skeptical than some expected.

Both the department and the Federal Communications Commission conducted exhaustive reviews of the $45.2 billion deal, with Justice raising competition concerns and the FCC considering whether the tie-up was in the public interest.

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