California is close to approving Comcast’s proposed acquisition of Time Warner Cable, but state regulators are considering imposing a lot of requirements that Comcast doesn’t like.
In addition to seeking federal approval of the $45.2 billion acquisition, Comcast needs the green light in states where Time Warner Cable licenses have to be transferred to the new mothership. A California administrative law judge proposed approval with the list of conditions last month, and now the California Public Utilities Commission (CPUC) has to make a decision.
Comcast laid out its opposition to many of the conditions in a joint filing with Time Warner Cable yesterday.
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