Time Warner/Comcast merger off

The move comes a day after the Federal Communication Commission said it planned to oppose the deal, joining lawyers from the Justice Department who felt it would not help consumers. The FCC said it would issue a “hearing designation order” that would prolong the deal, making it more difficult and expensive for Comcast.

Comcast spokeswoman Sena Fitzmaurice and Time Warner Cable spokesman Bobby Amirshahi both declined to comment. But Bloomberg reported that a formal announcement of the terminated deal would come by Friday. Huffington Post

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