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Table of Contents - April 24, 2015

Comcast, Time Warner Cable Terminate Merger Agreement

After a little more than a year of trying to persuade regulators that its $45.2 billion acquisition of Time Warner Cable, Inc., would benefit the public interest and not harm competition, Comcast Corp. this morning announced the termination of the merger agreement.

Comcast did not cite a specific issue that led to the termination, other than implying that government opposition was the cause. In statements, FCC Chairman Tom Wheeler cited concerns about the effect on the online video market, and the Justice Department mentioned the combined company's gatekeeper power over companies seeking broadband access to Comcast subscribers.


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