Comcast’s $45 billion acquisition of Time Warner Cable is likely to be one of the most high-profile mergers of 2014 — and probably one of the priciest. But before the acquisition can take place, it must be approved by the federal government. As the deal waits to be reviewed by the Department of Justice (DOJ), one of the highest DOJ antitrust officers has recused himself.
Assistant Attorney General Bill Baer is the top antitrust regulator who represented NBC Universal and General Electric at the firm Arnold & Porter in 2011 when Comcast acquired a majority stake in company, according to the Wall Street Journal. The DOJ offered no explanation for why Baer will not participate in the review of the Comcast TWC deal in its announcement, but did note that the review will be overseen by Principal Deputy Assistant Attorney General Renata B. Hesse and Deputy Assistant Attorney General David Gelfand.