Comcast Is Probably Going to Drop Its Bid to Merge with Time Warner

Designed by Comcast in Philadelphia

From Bloomberg:

Comcast Corp. is planning to walk away from its proposed takeover of Time Warner Cable Inc., people with knowledge of the matter said, after regulators planned to oppose the deal.

Comcast is planning to make a final decision on its plans Thursday, and a announcement on the deal’s fate may come as soon as Friday, said one of the people, who asked not to be named discussing private information.

Score one for the Republic:

Related: Brian Roberts Explains Why Comcast is Just a Little Regional Company and Why Owning the World Would Be Good for Competition