(Boursier.com) – One of the largest mergers and acquisitions in recent years r falls in the water in the United States! Comcast will indeed abandon its proposed acquisition of Time Warner Cable failed to obtain clearance from the authorities of the local competition … This turnaround is a surprise to the market that it expected that the future entity reaches agreement with regulators through the sale of various assets.
Too powerful actor?
Comcast, the leading cable operators in the US, announced in February 2014 the launch of a friendly takeover bid of 45.2 billion dollars over the number two market, Time Warner Cable. But the power of the proposed entity therefore seemed too large for the controller … It must be said that the merger between the two giants would have created a player with about 30% of the pay-TV market in the United States and 57% of the broadband market!
Vive opposition media players and Internet
The Antitrust Authority was also concerned about the impact of the operation on the development of the emerging industry of streaming TV … the fierce opposition of several actors size of the media and the Internet sector will also probably weighed in the balance. Netflix , Discovery Communications , Dish Network and Time Warner and 21st Century Fox and have expressed their concerns to the authorities.
Charter Communications, still interested?
The failure of the operation should allow Charter Communications to reposition on Time Warner Cable that he had tried to buy before Comcast moves to the folder. The WSJ also says that the third US cable operator discussed with several banks in recent weeks to develop a financial plan. Comcast could his side look for international growth or taking position in the mobile phone …
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