Facing stiff regulatory resistance, Comcast Corp. and Time Warner Cable Inc. on April 24 abandoned their $45 billion merger more than a year after the deal was announced.

Both the Federal Communications Commission and the U.S. Justice Department had “serious concerns” about the deal, FCC Chairman Tom Wheeler (left) said in a written statement. “The proposed transaction would have created a company with the most broadband and video subscribers in the nation alongside the ownership of significant programming interests.”

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