Six leading Democratic senators have written to the Federal Communications Commission (FCC) and Department of Justice (DoJ) asking them to reject the proposed $45.2 billion acquisition of Time Warner by Comcast.
In the two-page letter, signed by Senators Franken, Sanders, Markey, Wyden, Warren, and Blumenthal, the senators warn that "Comcast-TWC's unmatched power in the telecommunications industry would lead to higher prices, fewer choices, and poorer quality services for Americans."
Sources have told the Wall Street Journal that both the FCC and DoJ are not happy with the proposed merger, and that the FCC may hold a formal hearing into the deal soon. Bloomberg also reported that staff attorneys at the DoJ's antitrust division are prepared to recommend blocking the deal [autoplay video].
(Score: 4, Insightful) by davester666 on Wednesday April 22 2015, @08:18AM
No, this is the warning shot across the bow, indicating they are displeased with the current 'offering' of TW and Comcast.
Time to sweeten the pot!