US Justice Department likely to block $45.2 bn Comcast-TWC merger deal

April 18, 2015 11:04 AM

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The staff attorneys at the antitrust division of the US Justice Department are approaching a recommendation to block the USD 45.2 billion merger proposal between Comcast Corps. and Time Warner Cable Inc., according to the reports.

The report cited sources familiar with the matter saying, the attorneys probing the merger proposal are highly concerned that such an agreement between the two majors would harm consumers’ sentiments.

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