Star Tribune – Schafer: Franken’s view hurt Comcast’s big deal
The collapse of Comcast’s deal to acquire Time Warner Cable for $45.2 billion in stock could turn out to be one of the big wins in the career of Sen. Al Franken of Minnesota, one he called “gratifying.”
But it’s not like he was quarterback of the winning team. More like the head cheerleader.
Comcast abandoned its transaction last week in the face of opposition by federal antitrust lawyers, who were the real decisionmakers on this deal. They were concerned about what would happen to customers if one company controlled nearly 57 percent of the high-speed Internet market.
And there was Franken, cheering them on.