Comcast-LogoThe monumental merger between Comcast and Time Warner Cable may never happen.

Bloomberg reports that Comcast plans to drop its $45.2 billion deal to acquire Time Warner Cable after regulators expressed concern for consumers. An announcement could be made as soon as Friday, Bloomberg reported.

The deal, first announced in February 2014, was already being met with skepticism from the Department of Justice and Federal Communications Commission.

Acquiring Time Warner Cable would have given Comcast about 30 million subscribers across television, broadband and other services — an increase of 8 million from its current total.

Comcast CEO Brian Roberts justified the deal, calling it “pro-competitive.” In February, he said the deal would help Comcast bring out more competitive products to new markets — citing the company’s X1 cloud-based technology, and noting that Comcast has “speeded up the Internet 12 times in 12 years.”

A similar situation happened in 2011, when AT&T’s $39 billion proposed acquisition of T-Mobile fell through after the DOJ sued to block the deal and the FCC requested a hearing on the merger.

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