Comcast is planning to walk away from its $45 billion merger with Time Warner Cable after pursuing it for more than a year.
The decision comes amid intense, possibly insurmountable scrutiny of the deal by government regulators.
Comcast’s plan is being finalized on Thursday, and it may be announced on Friday, according to a person with direct knowledge of the matter.
It is an extraordinary turnabout for a cable giant not accustomed to losing. The deal would have reshaped American media and given Comcast unique control over the market for broadband Internet.
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