On CNBC’s “Squawk Box” this morning, analyst Richard Greenfield said the Comcast mega merger with Time Warner Cable may be facing “a death sentence” this week from the government, as concerns over competition threaten the $45 billion dollar deal.
“I think the government’s going to want something very substantial” for the deal to go forward, Greenfield said.
“This deal certainly lost it’s air of inevitability,” another analyst, Craig Moffett, said Monday.
Comcast and Time Warner Cable are preparing to meet with Justice Department officials this week. The meeting set for Wednesday, first reported by The Wall Street Journal, would aim to negotiate possible concessions addressing those concerns. The paper said it would be the first time the two cable giants have met with regulators since announcing their proposed deal a year ago.