FCC Clears Charter-TWC Deal


Charter-TWCThe FCC has approved the Charter Communications acquisition of Time Warner Cable and Bright House Networks.

The agency said more information would be forthcoming in a few days.

California regulators still need to okay the merger, which would create the second-largest cable company in the U.S. They are set to vote May 12.

FCC Chairman Tom Wheeler had said he was okay with the $55.1 billion deal, we reported.

Most lately, two more commissioners voted in favor, Bloomberg reported.

The DOJ approved the transaction April 25 and both agencies conditioned approval on Charter agreeing to restrictions designed to prevent it from interfering with online video that competes with cable entertainment packages.