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Comcast and Time Warner spent over half a billion on failed merger
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The following comments relate to this news article:

Comcast and Time Warner spent over half a billion on failed merger

article published on 4 May, 2015

According to Comcast's most recent earnings report, the cable giant has spent over $330 million in 'transaction-related costs' in its attempt to acquire Time Warner Cable, and Time Warner has spent over $220 million. Comcast proposed to buy TWC in February 2014 for $45.2 billion and just canceled the proposed merger last month after it became clear it would never make it through Federal regulators. ... [ read the full article ]

Please read the original article before posting your comments.
Posted Message
hearme0
Senior Member
_ 		5. May 2015 @ 12:02 _ Link to this message    Send private message to this user   
No sympathy, NONE for these jagoff companies!

First off, I said from the first article written that this ain't goin' thru!!! DOJ will stop this in a heartbeat. And again...I was right!

It's an unfair, competition-squashing buyout and anyone with half a brain said this wasn't going through.

What pisses me off to no end is the money wasted and I only need like 10 or 20 grand to free me financially for a while, yet these bastards wasted a half billion in an attempt to complete a merger they FRAKKING KNEW WOULDN"T GO THROUGH! They merely "hoped"

This is very much like the ATT/Tmobile merger. Except theirs wasn't nearly as competition-stifling as this would have been. Neither should be allowed. Finally! The U.S.A. is doing right by ourselves.
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aw2600
Junior Member
_ 		5. May 2015 @ 15:29 _ Link to this message    Send private message to this user   
Both companies will have to raise their prices to offset the costs of the failed merger. The consumer always gets the short end of the stick.
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