Comcast-NBC deal pushed into the new year
Comcast today said its proposed deal to acquire control of General Electric's NBC Universal won't get regulatory approval by the end of the year, as the company had hoped.
The cable giant issued a statement saying that even though the Federal Communications Commission and Department of Justice have made "substantial progress toward approval," it simply doesn't have enough time this year to complete the transaction, which was announced at the end of 2009.
"Because of the lead time required to prepare for a close, it now appears that we will not be able to … Read more