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Comcast set to drop mega-merger with TWC: report

Opposition from antitrust regulators likely to signal its end

Published Fri, Apr 24, 2015 · 09:50 PM
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Washington

US cable giant Comcast is preparing to abandon its plan for a mega-merger with rival Time Warner Cable (TWC) in the face of opposition from antitrust regulators, a report said on Thursday.

Bloomberg News, citing unnamed sources, said a formal announcement ending the US$45 billion deal was likely to come on Friday.

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