Comcast to Buy Rest of NBCUniversal from GE in Early Sale
By Rob Scott
February 13, 2013
February 13, 2013
Comcast is acquiring General Electric’s 49 percent stake in NBCUniversal. Teamed with Comcast’s initial 51 percent acquisition two years ago, the new $16.7 billion deal will result in the cable operator’s full ownership of the film and television giant. Comcast is taking a bold gamble, particularly when considering the uncertain direction of the entertainment industry in the midst of digital change and the growing success of services from the likes of Netflix and Amazon. Continue reading Comcast to Buy Rest of NBCUniversal from GE in Early Sale