The huge $45 million Comcast–Time Warner Cable merger could potentially be blocked by the Department of Justice according to Bloomberg. Comcast’s merger with Time Warner has been hindered for sometime now. Announcing the merger last February, the cable giant was originally looking at a late 2014 approval window.
The antitrust division is expected to deliver a report to have the merger stopped sometime next week. That isn’t to say that the deal will be halted next week, simply that paperwork will go through. From there it’s up to the Department of Justice’s higher ups to decide whether to pursue legal action against the deal.
The department has been building up an arsenal of evidence to hobble the merger. It’s said that should Comcast decide to get in line with regulations, the DOJ and FCC—another agency that has to okay the merger—have both said they will not approve of the merger.
Meanwhile telecom competitors Charter Communications and Bright House Networks are looking at a merger of their own. It’s safe to say that the two companies are paying close attention to how the movements in the Comcast-Time Warner merger develop.