It's official. Comcast has completed its acquisition of NBC Universal.
On Saturday, the cable giant announced that the transaction is complete. Comcast now owns 51 percent of NBC Universal. General Electric still owns 49 percent of the media conglomerate. The new company, which will be called NBC Universal, is valued at $37 billion.
The deal was originally announced in December 2009. The Federal Communications Commission and U.S. Department of Justice gave the final blessings for the deal earlier this month. Regulators imposed several conditions on the deal to ensure that Comcast would not stifle competition, especially when it … Read more