Examining Comcast's Calif. SBE Loss

Law360, New York (February 13, 2012, 1:31 PM EST) -- On Feb. 2, the California State Board of Equalization voted 3-2 against Comcast Corp., holding that (1) Comcast was unitary with majority-owned QVC Inc. and (2) the fee Comcast received for a failed merger with MediaOne Group Inc. was apportionable business income.[1] The appeal has been pending for a long time, and the decision has been highly anticipated.[2] The board declined to make its decision a formal opinion and, therefore, it will not be precedential.[3]

Unity With QVC

One issue before the board was whether Comcast...
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