Reuters reported last night that the merger between Vivendi Universal and NBC has been approved by the FTC, and will proceed. Or more specifically, that the FTC “will not oppose” the deal.
The deal brings together two very interesting companies, in essence. General Electric, who makes everything from jet engines to the Conan O’Brien show, and Vivendi Universal, who used to just be a French water company, as Steve Hannaford describes briefly at Oligopoly Watch - and now just does the media thing. I can see the board meeting now….”This whole water thing is boring, let’s get into cable television…”
