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Merger Between Comcast and Time Warner Cable Could be Dropped Today

July 17, 2023
in Trade Tube
Reading Time: 1 min read
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Comcast (CMSCA) could announce as early as today that its giving up on buying Time Warner Cable (TWC). There are just too many regulators roadblocks to the $45 billion deal. Criticism of the deal reached a frenzy this week as lawmakers, consumer groups, and the Department of Justice balked because the combined company would have too much control over the TV and Internet businesses. Amazon (AMZN) says its cloud business is growing. It had net sales of $1.6 billion in the quarter. Known as Amazon Web Services, or AWS, it allows companies to rent storage and processing power instead of paying to build their own data centers.

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