In a deal worth $18.1 billion, cable TV and Internet giant Comcast Corporation will acquire General Electric's remaining 49 percent stake in New York-based NBCUniversal Media. Also, Liberty Global, the international cable TV giant, will acquire Virgin Media in a cash-and-stock transaction valued at $23.3 billion.
February 14, 2013 at 12:00 AM
1 minute read
In a deal worth $18.1 billion, cable TV and Internet giant Comcast Corporation will acquire General Electric’s remaining 49 percent stake in New York-based NBCUniversal Media.
Comcast has controlled 51 percent of the media company since acquiring it from GE in 2011. The most recent sale gives Comcast full ownership years ahead of schedule and allows the firm to take advantage of low interest rates. It had planned to take increasing ownership of NBCUniversal over several years starting in 2014.
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