New York State revokes approval of the Charter-Time Warner merger

New York State revokes approval of the Charter-Time Warner merger

6 years ago
Anonymous $dicfOfy7s2

https://www.cnet.com/news/new-york-state-revokes-approval-of-the-charter-time-warner-merger/

Regulators in New York are reneging on their approval of Charter Communications acquisition of Time Warner Cable, alleging the cable provider broke its promise to deliver high-speed broadband to rural customers.

Charter, the second-largest cable provider in the US after Comcast, completed its $56.7 billion deal to buy Time Warner Cable in 2016. The company has since rebranded itself as Spectrum.