Cable One Blocked From Mega Broadband Deal for Now by Judge

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Irene Garcia Perez , Reshmi Basu , and Chris Dolmetsch October 9, 2026 at 3:26 PM UTC Updated on October 9, 2026 at 9:27 PM UTC Takeaways by Bloomberg AI Cable One Inc. was temporarily blocked by a federal judge from acquiring a 55% equity stake in Mega Broadband Investments from private equity firm GTCR, after lender CoBank ACB sued to stop the deal. US District Judge J. Paul Oetken in New York issued a decision late Friday stopping Cable One from executing the purchase until a court hearing can be held. The judge didn’t specify a date for the hearing in his order.