Comcast Reportedly Planning To Bail On Time Warner Cable Merger

(Mike Mozart)

Following reports that both the Dept. of Justice and the FCC could use their authority to throw up roadblocks to the long-delayed $45 billion acquisition of Time Warner Cable, Comcast is now reportedly planning to give up on the deal.

This is according to a very brief story on Bloomberg, which cites anonymous sources as saying the announcement of the pullout could happen as early as tomorrow.

Consumerist has reached out to both Comcast and the FCC. A spokesperson for the Commission declined to comment and we’ve yet to hear back from Comcast. We will update if we get anything further.

by Chris Morran via Consumerist