It's official: The Comcast, Time Warner deal is dead

The Comcast-Time Warner merger is over. Comcast retracted its $45.2 billion bid after the deal faced opposition from the Federal Communications Commission (FCC) and U.S. Department of Justice.

Most recently, FCC staff recommended a hearing designation order, a move that industry experts called "a death sentence for the transaction."

In response to Comcast's decision, FCC Chairman Tom Wheeler said:

Comcast and Time Warner Cable’s decision to end Comcast’s proposed acquisition of Time Warner Cable is in the best interests of consumers. The proposed transaction would have created a company with the most broadband and video subscribers in the nation alongside the ownership of significant programming interests.

Comcast, Time Warner deal in trouble (Speed Matters, Apr. 23, 2015)

Comcast bid for Time Warner Cable faces regulatory resistance (L.A. Times, Apr.22, 2015)

Comcast, Time Warner Cable nix $45B merger deal (USA Today, Apr. 23, 2015)

Statement from FCC Chairman Tom Wheeler on the Comcast-Time Warner Merger (FCC, Apr. 24, 2015)