DOJ Checks Out Verizon Cable Deal

By Maggie Fox  //  December 20, 2011 | 5:55 p.m.

The US Justice Department is investigating Verizon's deal to buy $3.6 billion worth of airwaves from cable companies including Comcast, Time Warner and Bright House Networks, the Washington Post reports.

But the Post says analysts have downplayed the significance of the investigation, saying the reviews by Justice and the FCC are both expected and perfunctory.

Yesterday, Verizon asked the FCC for permission to do the deal.


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