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Comcast Ends $45.2 Billion Bid To Acquire Time Warner Cable

Comcast dropped a bid to buy Time Warner Cable after it learned the government was mobilizing to block the deal. (Dave Winer/Flickr)
Comcast dropped a bid to buy Time Warner Cable after it learned the government was mobilizing to block the deal. (Dave Winer/Flickr)

Cable giant Comcast has officially abandoned its bid to buy Time Warner cable. “Today, we move on” were the words of Comcast chief executive Brian Roberts in a written statement released this morning.

The $45.2 billion deal disintegrated after meetings this week between corporate executives and federal regulators revealed the government was mobilizing to block the deal.

Here & Now’s Jeremy Hobson speaks to Michael Regan of Bloomberg News about the what the end of the deal means for the cable industry.

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