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SAN FRANCISCO – NBC is being sued over its acquisition of its money losing Internet subsidiary NBC Internet. 

The shareholder class action suit, filed Friday in San Francisco Superior Court, accuses NBC Internet, NBC, its parent, General Electric, and top company officers of setting an unfair price for shares in its acquisition of NBC Internet. 

The companies announced April 9 that NBC Internet would be shut down and its assets integrated into NBC. Under the terms of the agreement, shareholders of NBC Internet would receive $2.19 per share.