Proposed Time Warner Cable-Comcast Merger Scrapped

The $45 billion merger which would have turned Time Warner Cable and Comcast into a single company is dead.

Comcast today announced the termination of its proposed acquisition of Time Warner Cable, more than 14 months after the possible deal was announced.

Thousands of cable television and broadband customers in the Twin Tiers would have wound up obtaining the services from Comcast if the merger had been approved by regulators.

Officials with the companies had hoped the transaction would have been finalized by the end of last year. But state and federal regulators continued to raise questions about how the bigger company would affect the availability and cost of current and future technology.

New York state regulators had delayed giving approval to the deal, apparently waiting for a final determination by the federal government.

With the Comcast merger dead, industry analysts expect Time Warner Cable to again become a takeover target.