Comcast and NBC form media giant

**The cable TV provider Comcast has agreed to buy a majority stake in NBC Universal (NBCU), creating a media superpower in the US.**Comcast will acquire a 51% stake in NBCU in a deal worth $13.75bn (£8.3bn).

NBCU owns the NBC television network, Universal Pictures, and cable networks such as Bravo and CNBC, as well as the Universal Studios theme parks.

Consumer groups have voiced concerns about one company having so much power over the entertainment industry.

General Electric, which previously owned 80% of NBCU, will be left with a 49% stake.

France’s Vivendi, which had owned the other 20%, has sold its entire stake to Comcast.