FCC Approves Charter Purchase of Time Warner Cable
May 06 2016 - 4:30PM
Dow Jones News
The Federal Communications Commission approved Charter
Communications Inc.'s $55 billion acquisition of Time Warner Cable
Inc., with conditions.
In a brief statement, the agency said it would issue an order
with more details in the coming days.
Federal regulators were expected to approve the deal after the
FCC and Justice Department announced several conditions late last
month that would force the merged company to live up to stringent
obligations that don't apply to its bigger rivals.
Charter agreed to abandon for seven years several common
industry practices that the government feared could threaten the
growth of rival online video providers such as Netflix Inc. and
Hulu.
Shalini Ramachandran and John D. McKinnon contributed to this
article
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 06, 2016 16:15 ET (20:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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