Comcast/NBCU Extend Joint Venture Agreement

Comcast and NBCU have agreed to a 90-day extension of their proposed $30 billion joint venture. That extension was conveyed to the Securities and Exchange Commission in a filing described by NBC sources as a pro-forma renewal of the deal.

Either party had the option of nixing the deal a year after it was struck, unless both sides agreed to an extension for government approvals. Dec. 3 is the one-year anniversary of the announced agreement, as well as the filing of the original 8K, a form that the government requires when public companies make changes, like mergers and acquisitions, that could affect investors. The original 8K filing included two 90-day extensions of the agreement "for certain specified government approvals." Those government approvals -- from the Justice Department for antitrust review and the Federal Communications Commission for a broader public interest review -- had yet to be granted at press time. The FCC's decision could be extended into early next year.

A year's worth of Comcast-NBCU coverage