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Comcast Drops Bid to Merge with Time Warner Cable

HeadlineApr 24, 2015

Comcast has reportedly dropped its bid to acquire Time Warner Cable in a deal that would have merged the country’s two largest cable providers. The move follows reports of opposition from the Justice Departement and Federal Communications Commission over the merger, which would have left a single company in control of 57 percent of the broadband Internet market.

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