ALBANY, N.Y. (AP) — Sen. Charles Schumer says he's is recusing himself from any role Congress plays in Comcast's planned acquisition of Time Warner Cable after learning his brother was one of the lead lawyers behind the $45 billion deal.
Federal regulators and lawmakers will scrutinize how the combination will affect competition and consumers. The New York Democrat is a member of the Senate Judiciary Committee's antitrust subcommittee.
Schumer's office says Tuesday he didn't know his brother Robert represented Time Warner in the talks until The American Lawyer reported Friday he was the publication's 'dealmaker of the week.' Robert Schumer is co-chair of the mergers and acquisitions practice at Paul, Weiss, Rifkind, Wharton & Garrison.
When the deal was announced Thursday, Schumer's office issued a statement saying he'd urged Comcast to maintain jobs in New York.
The story was first reported by the blog littlesis.org.
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