Comcast-NBC Uni Merger Delayed Until January
The Comcast-NBC Universal merger won't be finalized until January 2011.
Said Sena Fitzmaurice, Vice President, Government Communications in a statement: "We believe the FCC and the DOJ continue to make substantial progress toward approval of our transaction.
"However because of the lead time required to prepare for a close, it now appears that we will not be able to close the transaction with GE relating to NBC Universal by year-end. We have notified our transition teams that there will not be a December 31 closing.
"We believe the regulatory review puts us on track for a closing in January 2011. We are appreciative of the hard work by the FCC and DOJ staff and by our own transition teams, and look forward to completing the process early next year.”