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"Sources" Say Comcast-Time Warner Merger is Dead

posted by martyb on Friday April 24 2015, @07:25AM   Printer-friendly
from the bring-out-your-dead! dept.

takyon writes:

Comcast is reportedly backing out of its planned acquisition of Time Warner Cable. What's more, Comcast will not have to pay a breakup fee... unlike AT&T after its failed merger with T-Mobile US. Time Warner Cable CEO Rob Marcus will forgo $80 million due to the failure of the acquisition.

 
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  • (Score: 0) by Anonymous Coward on Friday April 24 2015, @02:50PM

    by Anonymous Coward on Friday April 24 2015, @02:50PM (#174674)

    What is even more screwed up is his bonus WAS getting the company bought out.

    His job was to sell the company. Not run the company. Not exactly in the best interests of the workers and owners of the company. The put a salesman in charge. Not someone who could run it.