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Comcast to Buy NBC

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Posted on Dec 2, 2009
Flickr / Edgar Zuniga

Cable giant Comcast, feeling the pressure from an expanded field of video and Internet access competitors, has decided to go ahead and buy NBC-Universal. The deal, which is all but done, makes Comcast one of the biggest media conglomerates (on par with Disney), and the proud owner of this:

  —PZS

CNBC via Engadget:

The deal between General Electric and Comcast over a majority stake in NBC Universal is complete, and there is nothing left to do but process paper, a source close to the merger told CNBC Tuesday.

A deal is expected to be completed on Thursday morning, as the companies await Vivendi to sign an agreement over the the sale of its 20 percent stake in the entity, which was valued Monday at $5.8 billion, the source said.

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By rickroberts, December 2, 2009 at 10:13 pm Link to this comment

And you continue to pay them? Dude, cancel cable and get rid of your TV. I
promise that your life will be so much better.

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PatrickHenry's avatar

By PatrickHenry, December 2, 2009 at 7:37 pm Link to this comment

Now I know my cable bills are too high.

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