WASHINGTON - The federal government on Tuesday gave Comcast Corp., the country's largest cable company, the green light to take over NBC Universal, home of the NBC television network.
Comcast is buying a 51 percent stake in NBC Universal from General Electric Co. for $13.8 billion in cash and assets.
The Justice Department said it reached a settlement with Comcast and NBC Universal that allows the companies to proceed with the deal, subject to some conditions.
The five-member Federal Communications Commission on Tuesday voted 4-1 to approve the deal. Michael Copps, one of the commission's three Democrats and an opponent of media consolidation, voted against the deal.