Comcast expects $45B Time Warner Cable deal to close later, cites long regulatory review

MarketsAssociated Press

Comcast says it expects its $45 billion purchase of Time Warner Cable to take longer because of a long-running regulatory review.

The country's largest cable company wants to buy Time Warner, the No. 2 cable provider, to create an Internet and TV giant that will serve nearly 30 percent of cable TV subscribers and more than half of high-speed Internet subscribers.

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The Federal Communications Commission and Justice Department are still reviewing the deal, which was announced in February 2014.

Comcast said in a blog post Wednesday that it now expects the FCC's review to finish in the middle of the year. It had predicted the deal would close in early 2015. The FCC has delayed its review due to a related court case that is pending.