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Comcast to exit merger deal with Time Warner

2015-04-24 09:00:00| Telecompaper Headlines

(Telecompaper) Comcast wants to pull out of its proposed takeover of Time Warner Cable as more administrative hurdles get set up and officials showing a marked lack of enthusiasm, the Wall Street Journal reprted, citing sources with knowledge of the matter. The deal awaited federal approval for more than a year, with opposition from the US Justice Department and Federal Communications Commission (FCC) sharpening over the past week. Comcast's board took a vote on the matter on 23 April and plan to come out with an announcement very soon. Time Warner Cable executives are expected to explain how the company will be able to survive independently during the release of their results on 30 April, the sources said.

Tags: time deal exit warner

 

GM Ceo dismisses talk of merger with Fiat Chrysler

2015-04-23 19:50:51| Automakers - Topix.net

Barra tells analysts on a conference call that the company is focused on making its business more efficient and taking full advantage of its global size. She says GM won't consider anything that would distract from those efforts.

Tags: talk ceo chrysler fiat

 
 

Nokia bets software revolution will help avoid past merger errors

2015-04-22 02:36:23| Telecom - Topix.net

Nokia's acquisition of smaller rival Alcatel-Lucent may avoid the pitfalls that befell earlier telecom network equipment marriages, thanks to a revolution over the past decade in how products are launched and developed. The brains and brawn of telecom networks today lie in software, which is programmable and flexible, and not in customized hardware as in the past.

Tags: software past avoid errors

 

Elizabeth Warren, five other liberal Senators oppose Comcast merger

2015-04-21 22:31:45| Telecom - Topix.net

Six of the most liberal members of the U.S. Senate are petitioning government regulators to reject Comcast's proposed merger with Time Warner Cable. Warren is joining Senator Al Franken, Democrat of Minnesota, who has been the leading -- and pretty lonely -- voice in Congress against Comcast's plan to expand to new markets like New York and Los Angeles through the takeover of Time Warner Cable.

Tags: elizabeth liberal warren merger

 

Comcast And Time Warner Work To Save Merger

2015-04-21 00:41:12| Telecom - Topix.net

David L. Cohen, Executive Vice President of Comcast, and Robert D. Marcus, Chairman and CEO of Time Warner Cable, prepare to take their seats prior to the start of a House Judiciary Committee hearing on the proposed merger of Time Warner Cable and Comcast, on Capitol Hill, May 8, 2014 in Washington, D.C. The proposed merger would combine the two largest U.S. cable companies and give Comcast about 30 million subscribers in the United States. This week, Comcast and Time Warner will sit down with Justice Department officials in the hopes of keeping their $45.2 billion merger alive.

Tags: time work save warner

 

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