Facing intense regulatory pressure, Comcast (NASDAQ: CMCSA) has killed its proposed acquisition of No. 2 MSO Time Warner Cable (NYSE: TWC) and will "move on," Chairman-CEO Brian Roberts said in a statement. "Of course we would have liked to bring our great products to new cities, but we structured this deal so if the government didn't agree we could walk away."
Comcast had proposed spending $45.2 billion to create a behemoth MSO. Read FierceCable Editor Dan Frankel's full coverage here.