It appears that cable giant Comcast sees the writing on the wall and is ready to call off their merger with Time Warner Cable, according to a Bloomberg report.

The merger would have basically made Comcast a monopoly and given them control of nearly 60% of the broadband market. 

Bloomberg says that an announcement could come as early as Friday, but that Comcast has already decided to drop the merger plans.

This is a huge win for the little guy and a big setback for Comcast.