Charter Communications' (NASDAQ: CHTR) pending acquisition of Time Warner Cable (NYSE: TWC) and Bright House cleared a big hurdle on Friday as the FCC voted to approve the multi-billion dollar mega deal that will create a consumer and business services powerhouse.
The Commission voted 4-1 in favor of the deal, with Commissioners Jessica Rosenworcel, Michael O'Rielly, Mignon Clyburn and FCC Chairman Tom Wheeler, signing yes votes. Commissioner Ajit Pai cast the lone dissenting vote over reports that he was unhappy with the agency's methodology of securing conditions in return for granting permission for companies to conduct deals.
FierceCable has this report.