Comcast drops $45 billion merger deal with Time Warner Cable

Following yesterday’s report, Comcast has pulled out of talks to merge with rival Time Warner Cable, announcing today the company has terminated all agreements. The deal is off.

Comcast originally announced the deal to merge with TWC back in 2014, which was valued at $45.2 billion in stock. The merge was met with criticism from not only the general public but government officials (namely the FCC) too. Today, the merge finally caved in, with Comcast CEO Brian Roberts confirming in a statement that the deal is off and the company is moving on.

Source: iMore

About Bhavesh Rabari

Check Also

EE Offers First Plan Bundling Apple Subscription Services in the UK

UK carrier EE has launched a new package called the “Full Works” plan for iPhone, …

Leave a Reply

Your email address will not be published.