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Bloomberg

Comcast Says Time Warner Cable Purchase Will Close Early Next Year

Aug 27, 2014  •  Post A Comment

In a regulatory filing, Comcast said it expects its $45.2 billion purchase of Time Warner Cable to close in early 2015, Bloomberg reports.

The timing is based on Comcast’s expectations about when it believes it will receive regulatory approvals. The company had previously forecast the completion of the purchase by the end of 2014.

“Comcast has been asked by the Federal Communications Commission to provide information on a range of its business practices, from programming agreements with sports leagues to Internet traffic management and data caps imposed on customers,” the story reports.

The report notes: “The FCC’s demand for data, common as part of any agency review of an acquisition, posed many questions to Comcast that get to the heart of objections raised by consumer groups, competitors and some customers. The queries included whether Comcast slows or hinders programming by rivals, has studies about how consumers view the company’s services and how the merger would effect its carriage of local sports broadcasts.”

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