No deal, in this case, is a big deal
Comcast is pulling out of its $45 billion deal to buy Time Warner Cable after it became apparent that government regulators were looking to reject the deal, according to press reports. Bloomberg first reported the split, which was later confirmed by the New York Times. Comcast did not immediately respond to a request for comment.
The withdrawal, which Bloomberg reported could come as soon as Friday, means that one of the biggest media mergers of all time — and one that had been roundly criticized by consumer watchdog groups as well as Comcast's business partners and competitors — is dead. Comcast will not need to pay any break-up fee. Read more...
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