Breaking up won't be hard to do

Comcast’s $45 billion takeover of Time Warner Cable has a lot of numbers that stand out. Among them is the breakup fee if either side walks away.

That figure is zero.

What most analysts and investors would have expected is a payment that Comcast would make to Time Warner Cable if the deal fell apart, particularly if regulators blocked the transaction. Though how much the acquirer would pay in a so-called reverse termination fee varies, one customary amount is about 3 percent of the transaction value; in this case, it would be about $1.35 billion.

So…it doesn't exactly sound like Comcast and Time Warner Cable are supremely confident that former cable industry lobbyist and current FCC Chair Tom Wheeler approves this deal.