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Bloomberg Report Suggests Comcast & Time Warner Merger Dead

Posted by timothy on from the it's-very-ill dept.

andyring writes: According to Bloomberg News, the Time Warner/Comcast merger of raw evil is dead. Comcast plans as early as tomorrow to withdraw the merger proposal, "after regulators decided that the deal wouldn't help consumers, making approval unlikely" according to the story. If so, that means regulators won't have the chance to kill it themselves.

1 of 99 comments (clear)

  1. Oligarchs aren't the Borg by RobinEggs · · Score: 4, Informative

    Not all the rich and powerful got there the same way, and they don't all have the same goals. Some extremely large and influential companies lobbied *against* this merger, including (but hardly limited to) Netflix and Google, because their owners thought the merger could lose them money.

    The oligarchs in America work together on plenty of issues, this just isn't one of them.