The deal to bring together the nation’s two largest cable and internet providers has reportedly failed.
Comcast’s bid to merge with Time Warner Cable met with skepticism from consumer advocacy groups, the public and ultimately federal regulators. Bloomberg is reporting that Comcast will make its final decision today and make an announcement tomorrow.
The lack of confidence in the merger by the Federal Communications Commission and the Department of Justice meant that hearings would stretch the merger past the its timeframe for completion, which would kill the deal.
Via Bloomberg. Photo by Steve Garfield(stevegarfield)/flickr.