Comcast Buys Out GE's Remaining 49% Stake In NBC 149
Bob the Super Hamste writes "On Tuesday Comcast announced that it would accelerate its acquisition of NBCUniversal and purchase the remaining 49% owned by GE for $16.7 billion. Previously GE and Comcast were expected to operate NBCUniversal jointly until mid 2014 with Comcast having the option to extend that out until 2018. So far there are not details on when the deal with be completed but the article indicates that Comcast's complete acquisition of NBCUniversal will be completed years earlier that initially thought."
Too much concentrated power (Score:5, Insightful)
These people will become the 'federal government' of the internet.
Thank god for the internet (Score:5, Insightful)
Pretty soon a handful of companies will own every old media outlet out there. Well, at least we still have the internet.
My ISP? Oh, it's Comcas.....oh shit.
Fuck Comcast (Score:5, Insightful)
Largest military industrial complex member sells propaganda wing to oligopoly softcore porn distributor.
Re:Capitalism ends with... (Score:4, Insightful)
How about a new name at least? I vote for "Weylan-Yutani."
Re:Thank god for the internet (Score:2, Insightful)
Too bad our government is owned by the mega corporations now.
You can't buy what isn't for sale. When are people going to face the fact that the government's elite are taking in just as much as the corporations and finally set it straight?
Re:Syfy Channel Impact (Score:5, Insightful)
Face it: the Sci-Fi channel has been a rotting corpse ever since they mutiliated the name.