Comcast Corp. ( NASDAQ:CMCSA) will abandon its $45.2 billion bid to acquire Time Warner Cable Inc. in the face of growing regulatory skepticism, both Bloomberg and The New York Times have reported.
Those reports on Thursday afternoon came one day after discouraging regulatory developments regarding the proposed merger.
The cable TV giants proposed their merger in February 2014.
"We do not see any basis for regulators to block a merger of Comcast and Time Warner Cable," Richard Greenfield, a respected…Friday, April 24, 2015
Reports: Comcast dropping bid for Time Warner Cable
Comcast Corp. ( NASDAQ:CMCSA) will abandon its $45.2 billion bid to acquire Time Warner Cable Inc. in the face of growing regulatory skepticism, both Bloomberg and The New York Times have reported.
Those reports on Thursday afternoon came one day after discouraging regulatory developments regarding the proposed merger.
The cable TV giants proposed their merger in February 2014.
"We do not see any basis for regulators to block a merger of Comcast and Time Warner Cable," Richard Greenfield, a respected…
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