Despite a ferocious lobbying effort to get federal approval for a deal since last year, cable giant Comcast is planning to drop its highly-contested bid to merge with its largest competitor Time-Warner, reports Bloomberg news on Thursday. According to Bloomberg: Comcast Corp. is planning to walk away from its proposed $45 billion takeover of
Good News For Consumers As Comcast, Time-Warner Mega-Merger Fails
‘FCC seems to have heard the nearly one million Americans who have told Washington that the proposed merger helps only the people in the executive suites of Comcast and Time Warner Cable,’ says Free Press .