Items tagged with TWC deal
Speaking at TechCrunch Disrupt in New York on Monday, FCC chairman Tom Wheeler went on record with his thoughts on the now-dead $42 billion bid by Comcast to absorb Time-Warner Cable (TWC), saying that he thought Comcast CEO Brian Roberts made a "really good decision" in choosing to end the takeover attempt rather than continue the fight. The punditry at large thought that Philadelphia-based Comcast's bid for its New York City rival — which was launched in February 2014 — would sail through antitrust reviews, however, the FCC virtually sealed its doom when they called for a hearing, a disruptive process that carried with it great implications for failure. Wheeler himself indicated...
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Comcast has accused many of its critics and rivals of “extortion” in regards to its acquisition of Time Warner Cable for $45 billion. The cable company filed a 1,000 page document with the Federal Communications Commission defending itself from the various accusations and concerns aimed at the deal. One of the most vocal businesses against the deal is Discovery Communications. "Discovery, like many other programmers, is improperly using this proceeding to promote its own financial interests," Comcast said in its filing. "In fact, Discovery demanded unwarranted business concessions from Comcast as a condition of Discovery's non-opposition to the Transaction. Such extortionate demands...
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