CBS queried by U.S. in Comcast merger: Bloomberg
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[July 12, 2014]
(Reuters) - Walt Disney Co,
Discovery Communications Inc and CBS Corp are being asked for
information by U.S. antitrust officials probing Comcast Corp's
proposed takeover of Time Warner Cable Inc, Bloomberg reported on
The U.S. Department of Justice has reached out to the companies as
it investigates whether the cable-industry merger is
anticompetitive, Bloomberg reported, citing three people familiar
with the matter.
Comcast, the largest U.S. cable provider, offered in February to buy
Time Warner Cable Inc for $45.2 billion in stock. The merger would
put Comcast in 19 of the 20 largest U.S. TV markets, and could give
it unprecedented leverage in negotiations with content providers and
Other media companies have also been approached, Bloomberg reported,
citing one of the people familiar with the matter.
Among other issues, the antitrust division is asking about
most-favored-nation clauses, the report said.
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Consumer advocates and U.S. lawmakers are worried that Comcast-Time
Warner Cable deal would create a company with too much power to
decide what Americans can watch on television and do online, and
they expect intense regulatory scrutiny of the deal.
(Reporting by Subrat Patnaik; Editing by Richard Chang)
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