Comcast to Buy NBC
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:
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.