That $45 billion Comcast and Time Warner Cable merger that was met with so much criticism? Well, it looks like it's not going to happen after all. Bloomberg reports that the former cable company is dropping its bid to acquire the latter, with an official announcement expected as soon as tomorrow. Just yesterday, reports surfaced that the FCC was looking to put the deal in front of a judge, serving as the latest sign that the merger could be doomed. It appears that now, despite efforts to lobby support and offer concessions, Comcast will finally give up on bringing over 30 million cable customers under one roof. Much of the criticism has been that deal wouldn't be good for consumers, with little incentive to offer solid service once the two massive cable providers merged.
Developing...
Filed under: Misc, Home Entertainment, Internet, HD
Source: Bloomberg
0 comments:
Post a Comment