Deals and IPOs

Comcast could drop bid for Time Warner Cable as soon as Friday: Source to CNBC

Comcast, Time Warner Cable deal on the rocks
Comcast could scrap TWC deal
Comcast, Time Warner fallout
Comcast expected to drop bid for Time Warner
Comcast could drop TWC bid as soon as Friday

Comcast could drop its bid for Time Warner Cable as soon as Friday, a source told CNBC.

Time Warner Cable declined to comment to CNBC on an earlier report of an intent to drop the bid.

A spokeswoman for the Federal Communications Commission also declined to comment. A spokesman for the Department of Justice told CNBC the agency would continue its review of the proposed deal and it was "not aware of anything" related to a dropped merger bid.

Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and

—CNBC's David Faber contributed to this report.