COMCAST-TWC MERGER COLLAPSES
After federal regulators indicated that they would oppose the planned $45.2 billion Comcast-Time Warner Cable merger, Comcast has decided to abandon the deal, published reports said today (Thursday). A formal announcement from Comcast is expected to come as soon as tomorrow. Bloomberg News, which first reported Comcast’s decision, said that TWC executives plan to tell shareholders during a conference call next Thursday how the company can survive independently. The deal had been forcefully opposed by several of the growing number of streaming video services such as Netflix and Amazon Prime.