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Comcast plans to drop Time Warner Cable deal

Comcast Corp. is planning to walk away from its proposed $45.2 billion takeover of Time Warner Cable Inc., people with knowledge of the matter said, after meeting with opposition from U.S. regulators.

Comcastâ??s board will meet to finalize the decision on Thursday, and an announcement may come as soon as Friday, said one of the people, who asked not to be identified because the information is private.

Great news for American consumers.

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