Comcast complete NBC Universal acquisition

By | Published on Monday 31 January 2011


US cable operators and ISP Comcast has completed its takeover of NBC Universal creating a thirty billion dollar media giant with interests in TV, movies and internet and video-on-demand services.

The deal is a long time in the making, but got regulator approval earlier this month, mainly by Comcast agreeing to forgo management rights over American video-on-demand platform Hulu, in which NBC Universal is a shareholder. Bosses at Comcast said this weekend that their purchase of a 51% stake in NBC Universal was completed on Friday.

As previously reported, current owners GE started the process of selling just over half of NBC Universal to Comcast in late 2009, when they themselves bought the final 20% of the media company off Vivendi, the current owners of Universal Music, and one time owners of the other Universal entertainment companies.