Comcast Plans to Drop Deal for Time Warner Cable

Bloomberg: Fourteen months after unveiling a $45.2 billion merger that would create a new Internet and cable giant, Comcast is said to be planning to walk away from its proposed takeover of Time Warner Cable. The decision marks a swift unraveling of a deal that awaited federal approval for more than a year. Opposition from the U.S. Justice Department and Federal Communications Commission took shape over the past week, leaving officials of the two companies to conclude the deal wouldn’t pass muster.