After facing large opposition from Government and competitors that the companies would have an industry monopoly Comcast has withdrawn it’s offer for Time Warner Cable.

Comcast has withdrawn its $45 billion bid for Time Warner Cable Inc last Friday after United States regulators have raised concerns that the deal could give Comcast potential advantage within the internet and cable TV services market. Now that the deal has collapsed, Time Warner Cable will have their doors open to other offers. But this will also cause higher regulatory risks for mergers in the United States cable TV industry, which is rapidly consolidating towards competition such as satellite TV and web based services.

The potential acquisition has faced much criticism from politicians, also from consumer groups, industry groups and media company executives. All of them expressed concerns that the deal would create a monopoly which will have too much control over what Americans watch on TV and do online. Comcast’s counter argument was that the deal would offer better and faster TV services to Americans throughout the country. Charter Communications Inc has lost their bid for Time Warner Cable during last year, while it’s controlling shareholder, Liberty Media Corp, hasn’t lost interest in the merger. Needham analysts stated in a note that it is expected that TWC will receive an offer from Charter in the next three months and that it is expected that the offer will be lower than market predictions. The analysts also added that they expect an opening bid in the range of $130 to $135 per share. The merger of Comcast and Time Warner Cable would have created a company that controlled almost 30% of the United States pay TV subscribers, and it would also provide high speed Internet access to roughly 40% percent of U.S. citizen, according to data from SNL Kagan.

The Chairman of the Federal Communications Commission Tom Wheeler stated on Friday that the deal would pose a huge risk to innovation and competition. A United States attorney general Eric Holder also added that the withdrawal of the deal was “the best outcome for American consumers.” Comcast has argued that the merger with Time Warner Cable would not be anti competitive because of the fact that the companies have no real geographic overlap. The company also suggested divesting some assets as a form of addressing regulatory concerns. Comcast Chief Executive Brian Roberts said that the collapse of the merger is a huge setback for the company.