Comcast’s “merger agreement with Time Warner Cable and its transactions agreement with Charter Communications, Inc. have been terminated”, according to a company statement this morning. CEO Brian Roberts was quoted as saying “today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn’t agree, we could walk away”.
And walk away they did.
So far, no official statement from Charter. A Time Warner press release characterised the decision to kill the deal as a mutual agreement.