US regulators clear Comcast’s acquisition of NBC

Comcast gets go-ahead for NBC Acquisition

Comcast gets go-ahead for NBC Acquisition

The US regulator’s have cleared broadcaster Comcast’s proposed $13.8 billion offer to acquire NBC Universal.

Comcast will acquire 51 percent of NBC from General Electric in a deal voted 4-1 in favor, by the Federal Communications Commission. The US Justice Department is yet to approve the deal although analysts term that as a mere formality now.

NBC owns a movie studio, theme parks and TV stations while Comcast is America’s biggest Cable Operator.

The FCC has approved the deal after attaching multiple conditions to ensure that the competition does not suffer, since competitors had opposed the deal vehemently.

The FCC has mandated that NBC’s vast programs should be available to rival cable and satellite broadcasters and internet video service providers.

Comcast’s subscriber base includes 23 million cable TV and 17 million internet connections. Comcast also owns E! Entertainment and the Golf Channel and controls Flyers and Philadelphia 76ers sports teams.

NBC Universal owns CNBC, NBC, Telemundo and Bravo TV channels.

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