Comcast Blasts TWC Deal 'Extortion'

Alleges competitors sought various business quid pro quo's to drop deal opposition
Author:
Publish date:
Social count:
0
comcast4qpro.jpg

Taking off the gloves, Comcast struck back at critics of its proposed Time Warner Cable merger Wednesday, branding many of them extortionists just looking to further their own businesses and dismissing others as putting forth feeble efforts being peddled without factual support. 

It said Discovery had "demanded unwarranted business concessions from Comcast as a condition of Discovery’s non-opposition to the Transaction," and said Netflix was trumping up its economic theories to get out from under content costs.

That is according to an executive summary of Comcast's response to petitions to deny and request for conditions on the deal filed by various competitors, public advocacy groups and others.

To read the full story, visit Multichannel.com.

Related