Comcast/TWC merger questioned

A decision is imminent regarding Comcast’s bid to buy Time Warner Cable, according to Bloomberg, which reported Friday that attorneys examining the $45.2 billion deal are leaning against the proposed merger. On Saturday, the Wall Street Journal said the companies have a Wednesday meeting set with officials from the U.S. Department of Justice to address concerns. The report that the acquisition will likely be blocked doesn’t come as a surprise to Richard Greenfield, managing editor and media analyst at BTIG. “We continue to believe the transaction odds are at best 30 percent, given the government’s building concern around the broadband market share,” Greenfield tells Cynopsis.

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