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Title: Comcast's $45 billion Time Warner Cable acquisition is officially dead Post by: HCK on April 25, 2015, 09:00:10 pm Comcast's $45 billion Time Warner Cable acquisition is officially dead
<article> <section class="page"> <p>Comcast is officially walking away from plans to acquire Time Warner Cable, after regulators signaled their displeasure with the deal.</p><p>“Today, we move on,” Comcast Chairman and CEO Brian Roberts said in a statement (http://corporate.comcast.com/news-information/news-feed/comcast-twc-charter-transactions-terminated). “Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn’t agree, we could walk away.”</p><p>The deal almost seemed like a foregone conclusion when Comcast announced its $45.2 billion Time Warner Cable acquisition plan last year (http://www.pcworld.com/article/2097700/comcast-buying-time-warner-cable-in-452-billion-allstock-deal.html). As Bloomberg notes (http://www.bloomberg.com/politics/articles/2015-04-23/comcast-finds-golf-and-128-lobbyists-can-t-sell-u-s-on-merger), the cable giant spends more money on lobbying in Washington than any other company, and dumped $17 million into its lobbying efforts in 2014 alone.</p><p class="jumpTag"><a href="/article/2914652/comcasts-45-billion-time-warner-cable-acquisition-is-officially-dead.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article> Source: Comcast's $45 billion Time Warner Cable acquisition is officially dead (http://www.macworld.com/article/2914652/comcasts-45-billion-time-warner-cable-acquisition-is-officially-dead.html#tk.rss_all) |