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Comcast Reportedly Plans To Drop Time-Warner Cable Deal 'As Soon As Friday'

Tyler Durden's picture




 

Following the FCC joining the DoJ in the government's blowback against the merger, Bloomberg reports:

  • *COMCAST SAID TO PLAN ANNOUNCEMENT AS SOON AS FRIDAY
  • *COMCAST SAID TO PLAN FINAL DECISION ON TIME WARNER TODAY

Comcast stock initially jumped and Time-Warner tumbled... but both are now higher!!

 

 

As Bloomberg reports,

Comcast Corp. is planning to walk away from its proposed takeover of Time Warner Cable Inc., people with knowledge of the matter said, after regulators decided that the deal wouldn’t help consumers, making approval unlikely.

 

A formal annoucement on the deal’s fate may come as soon as Friday, said one of the people, who asked not to be named discussing private information.

 

This week, U.S. Federal Communications Commission staff joined lawyers at the Justice Department in opposing the planned $45.2 billion transaction.

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Thu, 04/23/2015 - 15:05 | 6023184 twh99
twh99's picture

Thank Goodness.

I am happy that Comcast won't be able to screw up my Time Warner service.

Thu, 04/23/2015 - 15:07 | 6023194 NoDebt
NoDebt's picture

I'm glad Time Warner won't be able to slow down my Comcast service.

"You got your chocolate in my peanut butter!  You got your peanut butter in my chocolate!  Mmmm.  It's delicious!"

 

Thu, 04/23/2015 - 15:15 | 6023220 NihilistZero
NihilistZero's picture

Small victories...

In this environment I'll take any I can get.  In no way am I supportive of either Team Red/Blue, but at least the Democrat base was able to get the elected shitheads to honor a part of their platform I agree with.  ComWarner would have been epically terrible...

Thu, 04/23/2015 - 15:08 | 6023195 knukles
knukles's picture

If both stocks jumped on the no deal news, guess the deal weren't so good, what?
Whoda thunk

Thu, 04/23/2015 - 15:10 | 6023207 NoDebt
NoDebt's picture

But there were SYNERGIES that would have taken time to realize.  A lot of time.  Like right up until Wall St. earned another set of fees for busting them apart again to "unlock shareholder value".

Thu, 04/23/2015 - 16:13 | 6023512 knukles
knukles's picture

Ah, you bring back memories of the greatest ever Wall Street Meal Ticket, the breakup of Ma Bell, resultant Baby Bells, Regional mergers and acquisitions, cable, wireless, etc. 
It's been fuck all nothing but Gravy for Wall Street, Jackpots for CEOs and same shitty service at ever increasingly higher prices for the consumer.

Booyah!  Go fuck yourself, Cramer.

Thu, 04/23/2015 - 15:05 | 6023186 kchrisc
kchrisc's picture

Both are subsidiaries of the NSA, itself a subsidiary of Zion, anyways.

Liberty is a demand. Tyranny is submission.

Thu, 04/23/2015 - 15:06 | 6023190 trader1
Thu, 04/23/2015 - 15:09 | 6023203 NoDebt
NoDebt's picture

Obviously they didn't give enough money to the Clinton foundation.

Thu, 04/23/2015 - 15:21 | 6023238 scraping_by
scraping_by's picture

Or the Obama Foundation.

http://www.barackobamafoundation.org/

 

Thu, 04/23/2015 - 15:29 | 6023275 NoDebt
NoDebt's picture

Thanks.  You just ruined my afternoon.  Not that it's surprising, but knowing he's not going to be gone even after he leaves office is just depressing to think about.  

Thu, 04/23/2015 - 15:38 | 6023319 scraping_by
scraping_by's picture

Shows he can't wait until after leaving office to collect his tips. Big Money has no loyalty, not even to their #1 sock puppet.

Thu, 04/23/2015 - 16:15 | 6023524 knukles
knukles's picture

Aaaaaarrrraraagggh!

Thu, 04/23/2015 - 15:46 | 6023358 More Ammo
More Ammo's picture

Learning from the clintons get rich quick scheme...

Thu, 04/23/2015 - 15:09 | 6023205 kchrisc
kchrisc's picture

Off topic:

Zionist puppet, Senator, Graham of SC:

"If I put together a finance team that will make me financially competitive enough to stay in this thing…  I may have the first all-Jewish cabinet in America because of the pro-Israel funding.  [Chuckles.]  Bottom line is, I’ve got a lot of support from the pro-Israel funding."
http://www.lobelog.com/lindsey-grahams-all-jewish-cabinet/

Liberty is a demand. Tyranny is submission.

 

"Is that Zion in your pocket, or did you just withdraw a lot of cash for some reason?"

Thu, 04/23/2015 - 15:12 | 6023211 NoDebt
NoDebt's picture

He was joking.

(No, he wasn't)

Thu, 04/23/2015 - 15:25 | 6023255 Squid Viscous
Squid Viscous's picture

Brian Roberts = Crypto Jew of the Century Finalist!

Thu, 04/23/2015 - 15:30 | 6023279 wmbz
wmbz's picture

Lindey Graham is a cocksuker, literally, not that there is anything wrong with that.

I live in S.C. and these dumb shits keep voting the lying asshole back in. Stupid is as stupid does.

Thu, 04/23/2015 - 17:16 | 6023799 kchrisc
kchrisc's picture

"I live in S.C. and these dumb shits keep voting the lying asshole back in."

With respect, but how do we know that the SC sheeple have been "voting" for him? Especially after all that we have learned about how power operates over last few years.

I would say that the real ignorance is just going to the polls to be inventoried.

Liberty is a demand. Tyranny is submission.

 

Sheeple Census 2016
Be Counted, So We Know Where You Are.

Thu, 04/23/2015 - 15:46 | 6023363 Usurious
Usurious's picture

 

 

''“Rev. Billy Graham openly voiced a belief that Jews control the American media, calling it a "stranglehold" during a 1972 conversation with President Richard Nixon, according to a tape of the Oval Office meeting released Thursday by the National Archives.

"This stranglehold has got to be broken or the country's going down the drain," the nation's best-known preacher declared as he agreed with a stream of bigoted Nixon comments about Jews and their perceived influence in American life.''

http://www.jewishmag.com/167mag/kissinger-nixon-war-watergate/kissinger-...

Thu, 04/23/2015 - 15:10 | 6023206 i_call_you_my_base
i_call_you_my_base's picture

These are two of the most hated companies in America. Combining forces, they could become the most hated company of all time. Why would anyone want to deny them this glory?

Thu, 04/23/2015 - 16:17 | 6023538 knukles
knukles's picture

Could always make it a 4 way with Monsanto and Goldman, renaming the fucker "Satan Industries"

Thu, 04/23/2015 - 15:16 | 6023223 buzzsaw99
buzzsaw99's picture

any entity stupid enough to buy cnbc shouldn't be allowed to breed

Thu, 04/23/2015 - 15:27 | 6023262 GoldenDonuts
GoldenDonuts's picture

Why do people in the States decide their vote based on the candidates religion?   How about hooking up all candidates to lie detecting machines at all times and vote for the guy who can actually tell the truth at some point during an election campaign.

Thu, 04/23/2015 - 15:29 | 6023272 WeTheSheeplez
WeTheSheeplez's picture

Does this mean the Sheeplez in southern california will be able to watch their circus performances again... ah..I mean dodgers baseball...

Thu, 04/23/2015 - 15:49 | 6023379 Chuck Knoblauch
Chuck Knoblauch's picture

I'll believe it after the markets close on Friday.

Thu, 04/23/2015 - 16:24 | 6023569 Soul Glow
Soul Glow's picture

Arthur Anderson to the white courtesy phone....Arthur Anderson to the white courtesy phone.

Thu, 04/23/2015 - 17:57 | 6023929 richiebaby
richiebaby's picture

I hate to kick them while they're down but I'm cancelling my Time Warner cable

 

Thu, 04/23/2015 - 18:44 | 6024058 Omen IV
Omen IV's picture

AOL - TW DEAL was the end of the cycle last time - Roberts avoided a bullet - can buy it much cheaper in 36 months

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