Court Signs Off on Comcast Takeover of NBCU

By: AP
By: AP

LOS ANGELES (AP) -- A federal court has approved the government's
conditions placed on Comcast's takeover of NBCUniversal.

In an order Thursday, U.S. District Judge Richard Leon in
Washington, D.C., tacked on a two-year oversight period that aims
to protect competitors who want to distribute NBCUniversal video
content online.

He ordered the government and Comcast to report annually on
online video competitors who attempt to arbitrate disputes either
through the Federal Communications Commission or an arbitration
process set up as part of the takeover.

Comcast took 51 percent control of NBCUniversal in January after
paying General Electric Co. $6.2 billion and contributing channels
worth $7.25 billion to the new entity.

Among other conditions, the Justice Department and the FCC
forced Comcast to relinquish decision-making power related to its
minority stake in online video service Hulu.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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