U.S. regulators approved Comcast Corp's (CMCSA.O) purchase of a majority stake in NBC Universal with the requirement that NBC give up day-to-day control of popular online video site Hulu. The Federal Communications Commission and the Department of Justice approved the deal more than a year after the companies announced it. When it closes, it will create a media powerhouse that will control not just how television shows and movies are made, but how they are delivered to people's homes. Comcast, the largest U.S. cable company, is buying a 51 percent stake in NBC Universal from General Electric Co (GE.N) to create a $30 billion business that would include broadcast, cable networks, movie studios and theme parks.
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