Comcast Ends $45.2 Billion Bid To Acquire Time Warner Cable

06:00

April 24, 2015

Comcast dropped a bid to buy Time Warner Cable after it learned the government was mobilizing to block the deal. Despite that, the cable giant announced an increase in revenue in their last quarter.(Dave Winer/Flickr)

Cable giant Comcast has officially abandoned its bid to buy Time Warner cable. "Today, we move on" were the words of Comcast chief executive Brian Roberts in a written statement released this morning.

The $45.2 billion deal disintegrated after meetings this week between corporate executives and federal regulators revealed the government was mobilizing to block the deal.

Here & Now's Jeremy Hobson speaks to Michael Regan of Bloomberg News about the what the end of the deal means for the cable industry.

Guest

Michael Regan, editor at Bloomberg News. He tweets @Reganonymous.

This segment aired on April 24, 2015.