Tim Wu saw firsthand how people can mess with the internet. Fifteen years ago, he landed a marketing job with a network equipment maker called Riverstone Networks. Riverstone made network routers, among other things, and it sold many of these to Chinese internet service providers who then used them to block traffic on their networks. After about a year, he left Riverstone, disillusioned but wiser. And today, Wu says that the time he spent there helped cement the idea that has made him famous: net neutrality. First proposed in a…
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Comcast buys rival Time Warner Cable for $45bn
Comcast has confirmed a deal to acquire Time Warner Cable for about $45bn (£27bn), creating a company that could control three-quarters of the US cable industry. Comcast will pay about $159 per share for its rival in an all-stock deal. The deal comes after Time Warner Cable rejected a $60bn bid from Charter Communications last month, calling their offer “grossly inadequate”. However, any merger is likely to face tight scrutiny from US regulators. Time Warner Cable has been the subject of an eight-month takeover battle by smaller cable operator Charter…
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