Posted 05/05/2015 at 7:27 AM
Posted 2 years ago
Comcast’s failed acquisition of Time Warner has resulted in costly fees and the sources are varied: “The costs are mainly for legal fees and outside consulting firms—everything from Human Resources and IT consulting to banks and management consulting services,” Comcast VP of Government Communications Sena Fitzmaurice told Ars. “Communications and lobbying fees would be included—however, what is included has to be direct and incremental—so only those fees that are directly and incrementally associated with the deal.”
Time Warner Cable on the other hand, stated it had accumulated $200 million in merger-related costs over the past year or so, including tens of millions spent retaining employees.