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Comcast Abandons $45 Billion Time Warner Cable Merger

Comcast Corporation and Time Warner Cable, Inc said on Friday they had abandoned their proposed $45 billion merger after U.S. regulators said the deal would give Comcast an unfair advantage in the Internet-based services market. The Department of Justice said the plan to merge the two biggest U.S. cable companies would have made Comcast an "unavoidable gatekeeper" for broadband services. The deal had faced vocal criticism from some politicians, media company executives and...

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