Dodgers Blue Heaven · Apr 17, 2015
TWC-Comcast Merger Might See a DOJ Lawsuit
Man-O-Live!
Time Warner stock is taking a hit right now, and it's all because of a recent Bloomberg report that the Department of Justice is leaning towards an anti-trust lawsuit against the Time Warner-Comcast merger. Per David McLaughlin at Bloomberg:
Staff attorneys at the Justice Department’s antitrust division are nearing a recommendation to block Comcast Corp.’s bid to buy Time Warner Cable Inc., according to people familiar with the matter. Attorneys who are investigating Comcast’s $45.2 billion proposal to create a nationwide cable giant are leaning against the merger out of concerns that consumers would be harmed and could submit their review as soon as next week, said the people.