Bloomberg reporting Comcast/TWC staff preparing a block on the merger
Not that many places comcast can go if cable deals are blocked. Would they spend their M&A cash flows on trying to compete against Disney, Fox, Time Warner by mopping up small content assets like Discovery, Scripps, Dreamworks, Lions Gate, etc?
Enterprise is a much clearer path from a regulatory angle and much more lucrative. I just hope Level 3 isn't willing to sell anywhere close to this price. In the meantime, not having your fellow share taker scale up is not bad for L3.