February 12, 2013
Vijaya Prasad

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Comcast and the nbc Rescue


Some interesting news out of the business media world today, Comcast is purchasing GE’s 49% stake in NBC Universal for about 16.7 billion dollars, according to a press release by Comcast earlier today. Brian L. Roberts, Chairman and CEO, Comcast Corporation, said

This is an exciting day for Comcast as we have agreed to accelerate the purchase of NBCUniversal. The management team at GE has been a wonderful partner during the past two years and their support has been very valuable. 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.”

Read the full press release at Comcast’s site.

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