Comcast Deal Collapse Would Kill Other Mergers in Domino Effect
by Gerry SmithAlex Sherman
7:24 PM EDT
April 17, 2015
The potential collapse of Comcast Corp.s merger with Time Warner Cable Inc. wouldnt just be a setback for those two companies. It would also unwind other pending deals and have a wide-reaching impact on the cable industry.
Staff attorneys at the Justice Departments antitrust division are nearing a recommendation to block Comcast.s plan to buy Time Warner Cable and combine the two largest U.S. cable providers, according to people familiar with the matter.
A rejection would be a blow to Comcast, which would have to give up on valuable cable and broadband assets in major U.S. cities including New York and Los Angeles. The $45.2 billion merger proposal is also a way for Philadelphia-based Comcast to fend off competition from phone companies, satellite providers and Web services like Netflix Inc. that have taken hundreds of thousands of its TV subscribers in recent years.
Another company has a lot at stake: Charter Communications Inc., the No. 4 in the industry. Charter, which counts billionaire John Malone as its largest investor, has agreed to take control of 3.9 million Comcast cable-TV customers to ease approval for the Comcast-Time Warner Cable merger. If that fails, Charter wont get those customers. Another Charter deal, the recent agreement to purchase of Bright House Networks, would also be in jeopardy.
Charter, which lost out to Comcast a year ago in its effort to buy Time Warner Cable, could get another shot at it. Malone has said he would try again if the deal with Comcast fell apart.
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http://www.bloomberg.com/news/articles/2015-04-17/comcast-deal-collapse-would-kill-other-mergers-in-domino-effect
Yo_Mama_Been_Loggin
(108,035 posts)Fearless
(18,421 posts)66 dmhlt
(1,941 posts)Dyedinthewoolliberal
(15,577 posts)if it fails. Watch; this is me not giving a fuck.......................
tammywammy
(26,582 posts)My internet is always going out. It went out Saturday evening and then all day Sunday afternoon. Sunday was super sucky because I was trying to do homework and it was online! And that happened the previous weekend, it went out forever and then Monday evening and I needed to email my part of the project in! Such BS!!
Everyone I know with UVerse is happy with their internet and doesn't have these issues like me.
I've read all the craptastic things about Comcast. Better to get rid of TWC before they merge - if it's allowed, but I don't think it should be.