Comcast formally provides up on Time Warner Cable merger

Comcast officially gives up on Time Warner Cable merger

The fairly unpopular, $forty five billion merger try between Comcast and Time Warner Cable has been referred to as off. In a really temporary assertion, Comcast CEO Brian L. Roberts stated that he would have appreciated to pair the 2 corporations collectively, however governmental strain has killed the deal. In contrast to the failed AT&T – T-Cellular deal a number of years again, it does not seem as if both social gathering has to pay severance charges to the opposite, which ought to make strolling away rather a lot simpler.

[Image credit: Spencer Platt/Getty Images]

Supply: Comcast

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