EU Approves $37B Comcast-NBC Joint Venture

Law360, New York (July 14, 2010, 11:43 AM EDT) -- The European Commission has signed off on cable giant Comcast Corp.'s proposed acquisition of a majority stake in NBC Universal Inc. from General Electric Co., marking the first regulatory win for the estimated $37 billion joint venture.

European Union antitrust regulators said in a statement Tuesday that they had concluded that the transaction “would not significantly impede effective competition in the European Economic Area or any substantial part of it.”

Within the EEA, the proposed transaction would create some overlaps between the operations of Comcast; movie...
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