Comcast will desolate its $ 45 billion play to develop Time Warner Cable , agree to a Bloomberg reputation . unknown sources say we might get wind the news as presently as Friday . CNBC agree . NYT agree . This is very in effect news , if lawful !
A Comcast - Time Warner Cable unification would be terrible forconsumers and business alike . The combined behemoth would ascertain a huge per centum of the res publica ’s broadband , creating a monopoly sure to stifle introduction .
fortunately , the deal is such a ludicrous idea thatit seemed doomedfrom the commencement . TheDOJandFCChave both hinted their distaste for the deal by throwing their several regulatory roadblocks in the way .
Contacts at Comcast and Time Warner Cable did not straight off respond to quest for remark . The usual hedges about reports from unnamed sources apply : Do n’t believe it until you see it . It ’s deserving noting that a top executive at Comcastposted a lengthy defenseof the merger business deal yesterday . So unless he missed the memo , we might not be out of the danger zone just yet .
[ BloombergandCNBC ]
ComcastFixcable
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