Comcast-Time Warner Cable merger runs into opposition at the FCC
The Wall Street Journal is reporting that FCC staff are poised to recommend that Comcast’s proposed tie-up with Time Warner Cable be subjected to a hearing by an administrative law judge, which is a definite sign that staff don’t think the merger is in the people’s best interest. Combined with reported opposition to the megadeal at the Department of Justice, this could result in the companies abandoning their plans to combine. The FCC and DOJ used similar maneuvers to kill AT&T’s attempted acquisition of T-Mobile in 2011.
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