The top U.S. antitrust enforcer, Bill Baer, will be recused from reviewing Comcast Corp's proposed deal to purchase Time Warner Cable Inc , the U.S. Justice Department said on Thursday.The investigation of the $45.2 billion deal will be overseen by two other Justice Department officials: Principal Deputy Assistant Attorney General Renata Hesse and Deputy Assistant Attorney General David Gelfand, a litigator.In a statement announcing the decision, the Justice Department did not say why Baer, who heads the Justice Department's Antitrust Division, had recused himself.When Comcast was buying NBC Universal, a deal concluded in early 2011, Baer, then a partner at the law firm of Arnold & Porter, represented NBCU's owner, General Electric.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.22% or $0.31/share to $141.41. In the past year, the shares have traded as low as $89.00 and as high as $147.28. On average, 3513420 shares of TWC exchange hands on a given day and today's volume is recorded at 1475161.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.63% or $0.43/share to $68.91. In the past year, the shares have traded as low as $55.17 and as high as $70.77. On average, 5440430 shares of TWX exchange hands on a given day and today's volume is recorded at 2776712.
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