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Comcast could drop Time Warner Cable bid: Source

CNBC
Comcast could drop Time Warner Cable bid: Source

Comcast (CMCSA) could drop its bid for Time Warner Cable (TWC) as soon as Friday, a source told CNBC.

Time Warner Cable declined to comment to CNBC on an earlier report of an intent to drop the bid.

A spokeswoman for the Federal Communications Commission also declined to comment. A spokesman for the Department of Justice told CNBC the agency would continue its review of the proposed deal and it was "not aware of anything" related to a dropped merger bid.

Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.

-CNBC's David Faber contributed to this report.



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