The U.S. Federal Communications Commission on Friday said it will pause its informal "shot-clock" on the review of the proposed $45 billion merger between Comcast Corp and Time Warner Cable Inc .The FCC said it will pause its informal 180-day clock to review the merger until Oct. 29, the new deadline for the public and stakeholders to comment, or until the agency deems Comcast's responses to the regulators' lengthy information request as complete.On Friday, the FCC's review was in day 85 of the 180-day deadline it informally imposes on itself to complete a merger review. If not stopped, the review was slated to be complete on or around Jan. 6.As is common with major mergers, the FCC in August asked Comcast and Time Warner Cable for voluminous additional data on video and broadband operations, including web traffic management practices, among other things.
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 2.16% or $3.05/share to $144.51. In the past year, the shares have traded as low as $108.88 and as high as $155.32. On average, 1692060 shares of TWC exchange hands on a given day and today's volume is recorded at 2002056.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 2.08% or $1.52/share to $74.72. In the past year, the shares have traded as low as $58.22 and as high as $88.13. On average, 7751910 shares of TWX exchange hands on a given day and today's volume is recorded at 5386527.
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