Comcast says Structure/Time Warner deal ‘makes all the sense on the planet’
If Comcast had any bitter feelings in regards to the collapse of its Time Warner Cable merger, following as we converse’s announcement of a $fifty 5 billion Structure/Time Warner deal, it is not making them public. “This deal makes all the sense on the earth,” Comcast CEO Brian Roberts said in a press launch this morning. “I need to congratulate all the occasions.” On the face of it, the assertion seems surprisingly gracious, notably after Comcast spent higher than a yr stopping for regulatory approval in its attempt at gobbling up Time Warner Cable. Nevertheless it isn’t onerous to consider Roberts making good by means of gritted tooth. Comcast’s merger was enormously unpopular by regulators and most of the people alike, primarily because of it may need severely reduce rivals by combining America’s No. 1 and No. 2 cable suppliers. As a result of the fourth largest cable participant inside the U.S., Structure has a so much bigger chance of its deal going by means of with out elevating monopoly alarms.
So what’s Comcast left to do? Virtually undoubtedly, it is going to end up pursuing one different cable provider. Cox, which is roughly equal in subscriber numbers to Structure, made it clear remaining yr that it wasn’t up available on the market. Nevertheless Comcast may have a shot at snapping up smaller players like Cablevision, or perhaps even hanging a deal with AT&T or Verizon for its suppliers.