Court Signs Off on Comcast’s Takeover of NBCUniversal, Adds Conditions

Sep 2, 2011  •  Post A Comment

The government’s conditions placed on NBCUniversal’s takeover by Comcast were approved by a federal judge, amounting to an approval of the deal, reports the Associated Press.

The judge also tacked on two years of court oversight. U.S. District Judge Richard Leon in Washington ruled that the combined company and the Justice Department must annually report on arbitration actions initiated by online video distributors, the story says.

The decision is geared to protecting competitors who want to distribute NBCUniversal’s video content online, the piece adds.

Comcast took control of NBCUniversal in January following a deal in which it paid $6.2 billion to General Electric and contributed channels valued at $7.25 billion to the combined company. As one of the conditions forced on Comcast by the Justice Department and the FCC, the company gave up its right to make decisions related to its minority interest in Hulu, the story notes.

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