By
James
Hirsen
Some
serious legal and public relations obstacles will have to be overcome before
the $45.2 billion proposal from media giant Comcast to acquire Time Warner
Cable will be able to materialize.
Our
frequently misunderstood current antitrust laws are essentially an aggregate of
statutes, which, in order to preserve and encourage fair competition for the
benefit of consumers, were designed to oversee the organizational structure of
U.S. corporations. The statutes that date back to the 19th Century seek to
place limitations on the mergers and acquisitions of business entities and to
put in place restrictions on various elements that could potentially lessen
competition within the business arena.
Comcast
recently made a move to quell antitrust concerns. The company announced that,
if the merger should go through, it will drop approximately 3 million
subscribers before taking aboard 8 million or so subscribers when the
consolidation is complete. [more...]
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