Comcast NBC-Universal deal closes

Posted | Contributed by Jeff

Comcast Corp has completed its takeover of NBC Universal, creating a $30 billion media behemoth that controls not just how television shows and movies are made but how they are delivered to people's homes. Comcast's acquisition of NBC Universal triggered a change of ownership clause on Universal's Orlando, Fla.- amusement park that would allow Blackstone to sell its stake, potentially to Comcast.

Read more from Reuters as well as The New York Post.

Comments: 61