Comcast Has Already Spent $90 Million in Fees to Acquire NBC Universal; Final Tally Will Likely Be More Than $100 Million in Fees

Aug 11, 2010  •  Post A Comment

We don’t yet know if Comcast’s bid to acquire NBC Universal will be successful, or what kind of success Comcast will make of the company if the acquisition goes through.

What is known, however, is that so far the acquisition process has been a boon to lawyers, accountants, bankers and the like, who have already collected $90 million in fees, reports the Philadelphia Inquirer.

According to the Inquirer–which is based in Comcast’s hometown–the cable company’s price tag for the purchase will easily tally up to more than $100 million in fees by the time the deal is either approved or not. 

The pending merger is also affecting Comcast’s stock, the story says. While rivals’ shares have prospered, Comcast has returned modest gains during the past year, the article adds. 

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