Comcast’s NBC Universal Takeover Approved With Court Oversight

Comcast Corp., the largest U.S. cable company, won a judge’s approval for its acquisition of NBC Universal with conditions that will maintain court oversight of the deal for two more years.

U.S. District Judge Richard Leon in Washington ruled yesterday that the Justice Department and the combined company must report on arbitration actions initiated by online video distributors under the final judgment. The distributers feared they would lose access to NBC’s content because of the acquisition.