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U.S. approves Charter’s Time Warner Cable buy with conditions

Posted by Steve Schram on April 27, 2016 at 11:14 AM

Originally published on April 25, 2016 on Reuters by Diane Bartz, Malathi Nayak, and David Shepardson.

The U.S. Justice Department on Monday gave antitrust approval to Charter Communications Inc's (CHTR.O) proposed purchase of Time Warner Cable Inc (TWC.N) and Bright House networks, which would create the second-largest U.S. broadband provider and third-largest video provider.

The Justice Department's approval carried conditions designed to protect competition, coming at a time when the pay television industry faces stagnation due to new competition from over-the-web rivals like Netflix (NFLX.O) and Hulu.

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