America's biggest cable company, Comcast, struck a deal yesterday to take a 51% stake in media empire NBC Universal, creating a new entertainment powerhouse. But it is expected that the tie-up will be subject to tough scrutiny by competition authorities.
Comcast delivers television, internet and phone services to nearly 24 million cable customers, while assets within NBC universal include the NBC television network, the Hollywood studio Universal Pictures, and cable channels, such as CNBC, Bravo and Style.
Commenting on the deal, Comcast's chairman, Brian Roberts, said it was a "perfect fit" that would allow his company to "become a leader in the development and distribution of multi-platform 'anytime, anywhere' media that American consumers are demanding".