Comcast Ends $45.2 Billion Bid To Acquire Time Warner Cable
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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