Source: Wikimedia Commons Bloomberg reports that Comcast is planning to not pursue its $45 billion takeover of Time Warner Cable as regulators planned to oppose the deal. Regulators didn't see the deal as beneficial to consumers, probably on the grounds that it would reduce competition and raise prices without a meaningful gain to consumers [at least in the eyes of the FCC and the DOJ, among many others including annoyed consumers weary of the existing oligopoly in the cable industry]. Comcast and Time Warner Cable are the two biggest cable companies in the US, and a merger would raise serious anti-trust concerns in an already consolidated market. Comcast argued that it would create $1.5 billion in operational efficiencies and that; "This transaction will create a leading technology and innovation company, differentiated by its ability to deliver ground-breaking products on a superior network while leveraging a national platform to create operating efficiencies and economies of scale." However, the US government clearly disagrees.