Comcast's $45 billion Time Warner Cable acquisition is officially dead<article>
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<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. “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. As
Bloomberg notes, 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>
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Comcast's $45 billion Time Warner Cable acquisition is officially dead
