'It’s definitely going to hurt'.
That collapse has also thwarted Comcast’s sale of 3.9 million cable-TV subscribers, partly to Charter Communications, and is putting a third deal - Charter’s $10.4bn acquisition of Bright House Networks LLC - in limbo as well.
The three deals would’ve yielded as much as $318m in fees for 11 firms, a haul that -- if combined - would be the biggest advisory windfall in Wall Street’s history, according to data from Freeman & Co. That doesn’t include fees for financing the deals.
'It’s definitely going to hurt', said Jeff Nassof, vice president at Freeman in New York. 'The M&A market has been fairly strong in general, so it’s not going to be as harsh as it might have been'.
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