Several of the nation’s largest companies including Microsoft, Facebook and Google have reportedly joined together against the proposed merger between Comcast and Time Warner Cable.
The firms, which also include Yahoo and eBay, established the Computer & Communications Industry Association and sent a letter to Senator Al Franken (D-MN) Monday to denounce the TWC acquisition, arguing that “not only will this merger lead to even less competition, but it would make competitive entry less likely in the future.”
”Regulators should block this merger, not only for the good of innovation, the internet industry, and of consumers, but also for the sanctity of antitrust law itself,” the letter, signed by president-CEO Ed Black, said.
Comcast could upend the nation’s cable industry with the $45 billion merger, which will need approval by the Federal Communications Commission as well as the Department of Justice.
Full content: The Wrap
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