Netflix Officially Comes Out Against The Comcast-TWC Merger

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Netflix Officially Comes Out Against The Comcast-TWC Merger

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Netflix Officially Comes Out Against The Comcast-TWC Merger

by Wochit 0:38 mins

Netflix Officially Comes Out Against The Comcast-TWC Merger

by Wochit 0:38 mins

Netflix on Monday officially took a stance against the proposed $45 billion merger of Comcast and Time Warner Cable. In its letter to shareholders released Monday, Netflix said that a combined Comcast and TWC would “possess even more anticompetitive leverage to charge arbitrary interconnection tolls for access to their customers.” Netflix’s decision to come out against the merger is a big win for the Minnesota Democrat, Senator Al Franken, who last week urged the company to publicly oppose the merger and join his cause to defeat it.

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