Latest in Comcast

Image credit:

It looks like the government will stop the Comcast/TWC merger

61 Shares
Share
Tweet
Share
Save

Sponsored Links

That seemingly ever-looming union between Comcast and Time-Warner Cable looks like it hit another roadblock. The Federal Communications Commission wants to put the $45 billion merger in front of an administrative law judge and issue a "hearing administration order," which The Wall Street Journal says is a pretty strong message from the government that the deal could die. Why's that? Because it's essentially Uncle Sam saying that the business move isn't good for consumers; that whole Netflix situation's still pretty fresh on everyone's mind, it'd seem. WSJ's sources say that Comcast and Time Warner could still make a case for themselves, but it may be too late.

Today's meeting was for the telco behemoths to offer concessions that would ease the government's mind regarding any anti-consumer aspects of the marriage. Based on unnamed sources, it doesn't sound too promising for Comcast and Time Warner though. From here, each commissioner needs to vote on approving the business deal for it to take place -- today's move is among the first steps in what WSJ says could be a very long and drawn out process. But it's not like you were holding your breath on this actually happening or anything, were you?

[Image credit: Getty Images]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
61 Shares
Share
Tweet
Share
Save

Popular on Engadget

iPad Pro leak suggests tablet photography just won’t die

iPad Pro leak suggests tablet photography just won’t die

View
Apple's latest AirPods and wireless charging case are $30 off on Amazon

Apple's latest AirPods and wireless charging case are $30 off on Amazon

View
Google Fi now offers an unlimited plan

Google Fi now offers an unlimited plan

View
Get a glimpse of SpaceX's orbital Starship prototype under construction

Get a glimpse of SpaceX's orbital Starship prototype under construction

View
MoviePass is dying, but its former leader wants to resurrect it

MoviePass is dying, but its former leader wants to resurrect it

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr