Reports say Comcast plans to drop $45B Time Warner Cable bid

Wall Street appears increasingly convinced Comcast’s $45.2 billion purchase of Time Warner Cable is dead.

Media reports say Comcast plans to drop its $45.2 billion bid for Time Warner Cable after pushback from government regulators.

Bloomberg News and the New York Times both cited unidentified people with knowledge of the matter in their reports.

Bloomberg said Comcast may make an announcement as soon as Friday.

Comcast and Time Warner Cable declined to comment.

Both companies serve the Charleston region. Time Warner’s local operations are concentrated in the Summerville market.