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TV giant looms with NBC clearance

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TV giant looms with NBC clearance

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19-01-2011, 06:34 AM

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TV giant looms with NBC clearance

A new television powerhouse looks set to be created after American regulators cleared Comcast's proposed $13.8bn (?8.7bn) takeover of NBC Universal.

The Federal Communications Commission voted 4-1 to approve Comcast's purchase of 51% of NBC from General Electric.

The deal still needs Justice Department approval, though analysts said this was unlikely to be a hurdle.

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