Here’s the latest action:

nbcComcast expected to complete mega media deal — In a complicated deal, Comcast is expected to win control of NBC Universal, creating an entertainment giant that could rival Disney. Under the terms, Vivendi is selling its 20 percent stake in NBC Universal to General Electric for $5.8 billion. And GE is expected to sell 51 percent of NBC Universal to Comcast in a deal that values the whole company at $30 billion.

Apple and would-be Mac clone maker Psystar settle — Ending a 17-month lawsuit, the parties have agreed that Psystar will stop pre-installing the Mac OS on its Intel-based computers, shifting the burden for that task from Psytar to its users.

Cyber Monday sales actually rose? — While Hitwise says the top 500 retailers saw a 9 percent drop in Cyber Monday traffic compared to a year ago, Coremetrics reports a 14 percent increase in sales revenue. The average order was $180, compared to $170 a year ago.

ebookTen predictions for eBooks — Paid Content has a piece predicting things such as E-Ink losing its 100 percent market share hold on the eBook market and dual-screen eBook readers gaining share in the market. But can anyone even predict when we’ll all agree on how to write an eBook?

Smart Grid hobbled by broadband — At an FCC field hearing at MIT, speakers say that the fate of the Smart Grid for saving electricity usage is tied to investments in broadband infrastructure. If broadband investments don’t keep pace, you can forget about the smart grid.

Why investors are drawn to social games – Jeremy Liew of Lightspeed Venture Partners writes that investors are drawn to companies that can focus on development, distribution and discovery.