article_snippet.sent: The move comes after Federal Communications Commission decided that merger wasn't in the public interest and threw up a regulatory roadblock following fierce opposition from net neutrality activists and content providers like Disney and 21st Century Fox.
article_snippet.sent: On Wednesday night, the Wall Street Journal revealed that Federal Communications Commission regulators questioned whether the creation of mega-size TV and internet provider was in the public interest.
article_snippet.sent: That would give the resulting behemoth unprecedented power over what Americans watch and download.
article_snippet.sent: That has had competitors, consumer groups, and Senators lining up to oppose the deal.
article_snippet.sent: One concern, for example, is that Time Warner Cable's could undermine the streaming video industry by requiring onerous payments from new online-only video providers for connecting to Time Warner Cable's network.
article_snippet.sent: Dish, the satellite TV company behind the new Web video service Sling TV, and Netflix are opposed to the deal.
article_snippet.sent: Recent media reports suggested that regulators aren't going to approve it.
article_snippet.sent: If the deal falls through, a transaction with Charter Communications Inc. aimed to smoothing the way for regulatory approval also falls apart.
article_snippet.sent: Charter's bid for Bright House Networks, which Charter announced in March, could also be killed.
article_snippet.sent: But Comcast may have to look overseas for future acquisitions. '
article_snippet.sent: Washington's concern here is excessive control of broadband in the hands of a single company,' wrote analyst Craig Moffett in a client email. '
article_snippet.sent: For all intents and purposes, all intents and purposes M&A ambitions would be on ice in the U.S.' Read more:
highlights_snippet.sent: Regulators questions whether merger was in the public interest .