Stocks Re-Tumble After DOJ Said To Block Comcast-Time Warner Deal

Time Warner is down 5-8% on the news that the DoJ is “leaning against” the Comcast deal:
*DOJ LAWYERS SAID CLOSE TO RECOMMENDING SUIT TO BLOCK CABLE DEAL *U. S. SAID GATHERING EVIDENCE TO SUPPORT BLOCKING TWC PURCHASE This has dragged the broad market lower as Comcast hit back stating “there is no basis for a lawsuit to block the TWC merger.”
As Bloomberg reports,

This post was published at Zero Hedge on 04/17/2015.