Take a deep breath, America. You've dodged quite a bullet
Thursday's news that Comcast planned to withdraw from its $45-billion deal to buy Time Warner Cable was meet with a combination of relief and rejoicing from just about everybody
Even the companies involved seemed, at most, unsurprised.
"We structured this deal so that if the government didn’t agree, we could walk away," said Comcast CEO Brian Roberts, with a fatalism usually unfamiliar to multibillion-dollar mergers
The US government was openly gleeful
Tom Wheeler, chairman of the Federal Communications Commission, one of the government regulators that had been scrutinizing the deal, said that the deal's failure "is in the best interests of consumers." Read more...
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