Comcast, Time Warner Cable negotiators to meet with Justice Department
Negotiators and executives from Comcast and Time Warner Cable are set to sit down with the US Justice Department this week, according to The Wall Street Journal. The meeting is the first time regulators and representatives from the cable companies have sat down together to try and negotiate a deal to approve the merger. The two companies, according to the Journal‘s sources, will work to find concessions in an attempt to allay regulators’ fears that the merged companies will wield too much power.
News of the meeting comes just days after Bloomberg reported that Justice Department lawyers, tasked with scrutinizing the deal, plan to submit a recommendation as soon as next week that regulators halt the merger. As part of the approval…
Source:: The Verge
