Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

Friday, April 24, 2015

Comcast Corporation Abandons Proposed Acquisition of Time Warner Cable After Justice Department and the Federal Communications Commission Informed Parties of Concerns

The DOJ press release explains:

 

"The companies' decision to  abandon this deal is the best outcome for American consumers," said  Attorney General Eric Holder.  "The  Antitrust Division of the United States Department of Justice has demonstrated,  time and again, that it can and will defend the interests of the American  consumer no matter the complexity of the issue or the size of the opponent.  This is a victory not only for the Department  of Justice, but also for providers of content and streaming services who work  to bring innovative products to consumers across America and around the  world.  I commend the Antitrust attorneys  and investigators whose outstanding work led to this outcome, and I know that  the Department of Justice will continue to fight for fair access and free  competition in every industry and every market."

https://lawprofessors.typepad.com/antitrustprof_blog/2015/04/comcast-corporation-abandons-proposed-acquisition-of-time-warner-cable-after-justice-department-and-.html

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