Comcast is reportedly planning to drop the Time Warner Cable deal

Rumor is that Comcast is prepared to back out of the buzzworthy merger with Time Warner
(Image credit: Joe Raedle/Getty Images)

The much-discussed merger between America's two largest cable providers might not be happening after all.

Bloomberg reports that Comcast plans to back out of the its proposed $45.2 billion purchase of Time Warner Cable, with a formal announcement coming as soon as Friday.

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Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.