Comcast Drops Time Warner Cable Bid Amid Opposition

Comcast Corp. dropped its $45.2 billion deal to buy Time Warner Cable Inc., officially pulling the plug after concluding the merger would be rejected by regulators.

Comcast announced its decision Friday in a statement after a meeting of its board the night before. U.S. Justice Department and Federal Communications Commission objections made it clear the deal was dead.

http://www.bloomberg.com/news/articles/2015-04-24/comcast-drops-time-warner-cable-bid-amid-government-opposition