US confirms antitrust probe of Comcast-TWC deal
Published on Mar 7, 2014 2:17 AM
WASHINGTON (AFP) - The US Justice Department said Thursday it has launched an antitrust probe of the mega merger of Comcast and Time Warner Cable.
The US$45.2 billion (S$57.1 billion) tie-up would unite the largest US cable companies, which also are among the largest broadband Internet providers.
Justice Department spokeswoman Gina Talamona said the agency's antitrust division "is looking at the proposed acquisition involving Comcast and Time Warner."
She said in a statement that Assistant Attorney General Bill Baer would be recused and that "the investigation will be overseen by two experienced antitrust practitioners," principal deputy assistant attorney general Renata Hesse and deputy assistant attorney general David Gelfand.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here