Comcast wins government approval to take over NBC for US$13.8bil


WASHINGTON: Government regulators on Tuesday gave Comcast Corp., America's largest cable company, clearance to take over NBC Universal in a deal that is certain to transform the U.S. entertainment industry landscape.

Comcast is buying a 51 percent stake in NBC Universal, home of the NBC television network, from General Electric Co. for $13.8 billion in cash and assets.

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