The long negotiation process has finally been completed and the $30 billion merger deal of Comcast Corp and NBC Universal is official. Gaining the approval of federal antitrust regulators took 13 months.
The previous post began to discuss some of the implications of the Comcast-NBC Universal merger recently approved by antitrust regulators with the FCC and Department of Justice. Comcast officially takes over control from General Electric of NBC Universal on Friday.
After receiving approval from antitrust regulators with the Federal Communications Commission (FCC) and the Department of Justice for the $30 billion merger, Comcast will officially take over operations of NBC Universal on Friday.
Even though the FCC approved the merger between Comcast and NBCU, there will be continued negotiation and litigation surrounding the deal and the conditions imposed upon it by the FCC. According to a Post Tech blog by Cecilia Kang, last week, Consumers Union and the Consumer Federation of America asked the FCC to examine practices by Comcast to see if the group is violating the FCC's new rules on net neutrality.
Keith Olberman, host of the MSNBC's ratings giant Countdown, abruptly announced that Friday night's edition of Countdown would be his last. Olberman has had a controversial run at MSNBC, but the network has built its brand and line-up around his liberal-leaning political commentary on Countdown and the audience ratings he garnered.
On Tuesday, government antitrust regulators gave the green light to Comcast's merger deal with NBC Universal. According to The Wall Street Journal, Comcast is expected to close the $30 billion deal late next week. Last December, Comcast acquired a controlling stake in NBCU from General Electric Co. Since then, antitrust regulators with the Federal Communications Commission and the Justice Department have been studying the deal.
Comcast is still waiting for a green light from the Federal Communications Commission and antitrust regulators with the Justice Department for the company's merger with NBC Universal. Comcast and NBCU were hoping to have the proposed $30 billion merger approved this month.
The Federal Communications Commission is close to approving the merger between cable-giant Comcast and NBC Universal. According to a Post Tech blog by Cecilia Kang published by The Washington Post, the chairman of the FCC has put together a draft proposal with conditions for approving the merger and issued it to the rest of the FCC members on Thursday.
Cable giant Comcast is hoping to have its $30 billion merger with NBC Universal approved by the FCC and Justice Department antitrust regulators by early next year. The deal has faced criticism and skepticism from media watchdog and consumer groups. Comcast has always said that the merger will be good for consumers. Now, as reported in the previous post, Comcast is facing more challenges from the Writers Guild of America.
Cable giant Comcast Corp. is currently awaiting government approval for its $30 billion merger deal with NBC Universal. The FCC and antitrust regulators with the Justice Department are currently reviewing the deal and deciding what restrictions they should impose on the merger in order to keep competition alive among programming distribution companies.