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If you're wondering how this could possibly go through, see another WSJ article on the topic: "Comcast, Time Warner Deal to Spark Regulatory Debate, Outcome Unc
by kjhughes 13y ago
If you're wondering how this could possibly go through, see another WSJ article on the topic: "Comcast, Time Warner Deal to Spark Regulatory Debate, Outcome Uncertain"
http://online.wsj.com/news/article_email/SB10001424052702304703804579380453221890292-lMyQjAxMTA0MDEwMjExNDIyWj http://online.wsj.com/news/article_email/SB10001424052702304...
Summary: On the one hand, there are the obvious consumer concerns
about the impact on pricing and service if the two largest cable
companies were to merge. Besides Justice Department and Federal
Communications Commission review, Congress will likely seek hearings
where they can be seen being involved in such a high profile matter.
On the other hand, Comcast successfully practiced completing the 2009
acquisition of NBCUniversal from GE by agreeing to a wide array of
commitments with the Justice Department, FCC, and state attorney
generals.
Article concludes that the acquisition may well go through: "This is
the first major merger review under new FCC chairman Tom Wheeler, who
once served as the cable industry's top lobbyist. Mr. Wheeler
suggested in 2011 the Commission should have allowed AT&T to buy
T-Mobile in exchange for agreeing to a new slate of
regulations. Lawyers and analysts in Washington believe Comcast could
similarly secure the Commission's approval by expanding its existing
regulatory commitments."
- coldcode 13y agoThat's why the cable industry put this guy into that job, to make deals like this easy as pie. Soon we will have The Cable Company and The Phone Company. Or maybe just The Company.
- _mulder_ 13y agoCompetition Theory does suggest every market tends towards a Monopoly position. As companies get bigger and bigger, they acquire one another, until eventually there's only one huge 'Company' left. Of course, that's one reason why the free market is regulated.