U.S. agency’s re­view of planned Com­cast-NBC deal starts anew

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

The Fed­eral Com­mu­ni­ca­tions Com­mis­sion restarted its re­view of Com­cast’s plan to take con­trol of NBC Uni­ver­sal af­ter the com­pa­nies pro­vided the agency with ad­di­tional de­tails about their busi­nesses.

Com­cast Corp. is seek­ing FCC and Jus­tice Depart­ment ap­proval to ac­quire a 51 per­cent stake in NBC Uni­ver­sal from Gen­eral Elec­tric Co. Fed­eral reg­u­la­tors are ex­pected to ap­prove the deal with con­di­tions at­tached.

The FCC had sought de­tailed in­for­ma­tion about Com­cast’s and NBC’s busi­nesses, but it in­formed the com­pa­nies last month that their an­swers weren’t good enough. The agency halted its re­view while it awaited re­vised re­sponses.

The FCC typ­i­cally tries to com­plete merger re­views within 180 days, al­though it doesn’t al­ways make this dead­line. The agency says it’s now 45 days into the re­view of the deal.

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