Tuesday, September 1, 2015

States to probe Comcast plan to buy Time Warner Cable

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WASHINGTON - Florida is part of a "multistate group" that will join the U.S. Justice Department in evaluating if Comcast Corp's plan to merge with Time Warner Cable Inc. is legal under U.S. antitrust law, Florida said in a statement to Reuters.

It was not known how many states had joined the task force.

Indiana officials were also looking at the deal, said a spokeswoman for the state attorney general's office, who did not indicate if Indiana was part of the multi-state group.

The attorneys general group is focused on broadband rather than cable in assessing the $45.2 billion deal, according to a source familiar with the effort who was not authorized to speak on the record.

Reuters
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