Comcast is reportedly considering a divestiture of thousands of its cable subscribers as a method of earning approval for its possible acquisition of rival Time Warner Cable, according to sources.
Comcast is looking into offloading about three million customers to be spun-off into a new competitor. Reports say the plan hopes to appease the likely competition concerns headed its way.
Should such a divestiture occur, it would create the fourth-largest cable operator in terms of subscriptions, reports say. One source said Comcast has already received notice of companies interested in buying the assets.
Comcast sparked a flurry of debate when it announced plans to acquire its closest rival, a deal that would merge the nation’s number one and number two cable companies.
Full Content: Bloomberg
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Norton Rose Fulbright has announced the addition of two seasoned professionals, Veronica Pinotti and Martino Sforza, to its antitrust and competition practice in Milan. According to a statement released by the firm on Monday, both lawyers have joined as partners, bringing a wealth of expertise in various facets of competition law.
Martino Sforza’s practice focuses on a range of areas, including consumer protection, data privacy, and regulated markets, in addition to his extensive work in antitrust matters. His broad experience makes him a valuable addition to the firm’s Milan office.
Veronica Pinotti, also joining from White & Case, specializes in advising clients on complex legal matters involving joint ventures, mergers and acquisitions, cartels, and abuse of dominance. She is also highly experienced in navigating state aid issues and regulatory concerns.
Source: Bloomberg
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