Comcast Announces Divestiture of Some Markets
Comcast today announced that it will divest 3.9 million subscribers of Comcast and Time Warner to Charter Communications and a new spinoff company, after its planned acquisition of Time Warner.
Contrary to earlier reports, Comcast is holding onto Colorado. Most of the divestitures are in the Midwest and South and currently belong to Time Warner.
The changes would occur after approval of the Comcast-Time Warner deal, and are intended to increase the likelihood of the deal's approval.
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