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A customer leaves a Time Warner Cable store in Palm Springs in this file photoJohn Malone's Charter Communications Inc struck a $56 billion deal to buy Time Warner Cable Inc, seeking to combine the third and second largest U.S. cable operators to better compete against market leader Comcast Corp. The Federal Communications Commission immediately served notice that it would closely scrutinize the deal, focusing not only on absence of harm but benefits to the public. Charter, in which Malone-chaired Liberty Broadband Corp owns about 26 percent, is offering about $195.71 in cash-and-stock for each Time Warner Cable share, based on Charter's closing price on May 20. A merger of Charter and Time Warner Cable, with other related deals, would create a company that controls more than 20 percent of the U.S. broadband market, according to research firm MoffettNathanson.


View of the reception of Amazon Europe Holding Technologies in LuxembourgThe European Commission said on Tuesday it would continue its investigation into Luxembourg's tax treatment of Amazon after reports the online retailer had changed its tax practices in Europe. The Commission launched an in-depth investigation last October into alleged state aid Luxembourg was granting to Amazon by offering a low corporate tax rate on European profits, most of which are booked in the Grand Duchy.


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