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Comcast abandons $45B Time Warner merger plan
Comcast has abandoned plans to merge with Time Warner Cable.Comcast Chairman and CEO Brian Roberts said in a statement: "Today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn’t agree, we could walk away.Comcast NBCUniversal is a unique company with strong momentum. Throughout this entire process, our employees have kept their eye on the ball and we have had fantastic operating results. I want to thank them and the employees of Time Warner Cable for their tireless efforts.I couldn’t be more proud of this company and I am truly excited for what’s next."To read this article in full or to leave a comment, please click here
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