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Comcast to buy GE's 49% stake in NBCUniversal


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#1 OFFLINE   phrelin

phrelin

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Posted 12 February 2013 - 04:44 PM

From USA Today:

Comcast said Tuesday it will pay $16.7 billion to buy General Electric's entire 49% stake in their NBCUniversal joint venture, a move that further solidifies the cable operator's desire to expand its content offerings.

..."Our decision to acquire GE's ownership is driven by our sense of optimism for the future prospects of NBCUniversal and our desire to capture future value that we hope to create for our shareholders," says Comcast CEO Brian Roberts in a statement.


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