Â
Sponsored by
NATIONAL NEWS
Comcast to buy GE's 49 pct stake in NBCUniversal
Posted: Feb 12, 2013 2:17 PM by Associated Press
NEW YORK (AP) - Comcast says it's buying General Electric's 49 percent stake in the NBCUniversal joint venture for $16.7 billion. It comes several years early, as Comcast takes advantage of low borrowing costs and what CEO Brian Roberts calls a "very attractive price."
Comcast Corp. had bought a majority stake in the television and movie company in 2011. It had planned to take a larger stake in it over seven years, paying for it from operating cash.
But Roberts told The Associated Press that the sale of its stake in pay TV network A&E and some wireless spectrum gave it plenty of cash on hand. He also says Comcast got a good deal given that the stock price of media conglomerates has been rising.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
KSBY.com is social!
KSBY.COM VIDEOS
-
Friends and family of a young woman killed in a DUI crash last night remember her life
Views: 4 June 20, 2013 -
Evacuees forced from their homes by the most damaging wildfire in Colorado's history return
Views: 24 June 19, 2013 -
Military widow finds another woman's name engraved on her husband's tombstone
Views: 274 June 18, 2013 -
Mother taken into custody after driving under the influence with her son in the car
Views: 45 June 18, 2013
Comments