EU OKs NBC-VUE Deal - Multichannel

EU OKs NBC-VUE Deal

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The $14 billion merger of General Electric Co.’s NBC television unit and Vivendi Universal Entertainment cleared its first regulatory hurdle Friday, winning approval from the European Union.

Because the merger has little impact on the European market, the EU used a simplified procedure that clears mergers and acquisitions after one month if no third parties object.

The deal -- which would combine the NBC broadcast network, CNBC, Bravo, MSNBC and Telemundo Communications Group Inc. with USA Network, Sci Fi Channel, Trio, Universal Studios and Universal’s theme parks -- is still under regulatory review in the United States. It is expected to close sometime in the first half of 2004.

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