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Exclusive: States To Probe Comcast Plan To Buy Time Warner Cable


Ron Burgundy
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The Time Warner Cable logo is displayed on the back of a van in New YorkBy Diane Bartz WASHINGTON (Reuters) - Florida and other U.S. states will join the Justice Department in seeking to determine if Comcast's plan to merge with Time Warner Cable is legal under U.S. antitrust law, Florida officials told Reuters. Comcast shares slipped just over 1 percent, trading at $49.68 slightly before midday. "We are part of a multistate group reviewing the proposed transaction along with the U.S. DOJ Antitrust Division," the Florida attorney general's office said in an email sent late on Tuesday. Indiana officials were also looking at the deal to determine "the potential impact in Indiana." Erin Reece, a spokeswoman for the Indiana attorney general's office, did not say whether Indiana was part of the multistate group.




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