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Comcast Buys Out GE's Remaining 49% Stake In NBC 149

Posted by Unknown Lamer
from the no-conflict-of-interest-here dept.
Bob the Super Hamste writes "On Tuesday Comcast announced that it would accelerate its acquisition of NBCUniversal and purchase the remaining 49% owned by GE for $16.7 billion. Previously GE and Comcast were expected to operate NBCUniversal jointly until mid 2014 with Comcast having the option to extend that out until 2018. So far there are not details on when the deal with be completed but the article indicates that Comcast's complete acquisition of NBCUniversal will be completed years earlier that initially thought."
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Comcast Buys Out GE's Remaining 49% Stake In NBC

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