It's over. Comcast formally withdrew from its pending $45 billion merger with Time Warner Cable on Friday morning -- after the companies failed to convince regulators the deal would be good for consumers.
"Today, we move on," Comcast CEO Brian Roberts said in a statement. "Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn't agree, we could walk away."
Comcast says it's over: It won't try to merge with Time Warner Cable - Apr. 24, 2015
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