Comcast to 'move on' after killing Time Warner Cable deal

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.

Suggested Articles

France and Germany are teaming up to jointly create a cloud-computing ecosystem that would challenge AWS, Microsoft and Google, according to Reuters.

Calix has teamed up with Spirent for a single lab that speeds up testing cycles while lowering powering and capex.

VMware announced on Thursday that it has struck a deal to buy network security vendor Lastline for an undisclosed sum.