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As a result, NBC Universal would become a joint venture between Comcast and GE, with Comcast holding a 51% majority stake. As a whole, the deal valued NBC Universal at $30 billion. The deal included an option for General Electric to sell further stakes in the company to Comcast over seven years, or for Comcast to buy stakes at "specified times".
Comcast will hold a 51 percent stake in the new company and will control and manage its operations, with GE (the current majority owner of NBCU) owning the remaining 49 percent. NBC Universal and Comcast networks will retain their popular consumer brand names.
Jan 29, 2011 · The new joint venture, dubbed NBCUniversal, LLC, is 51% owned by Comcast ( CMCSA, Fortune 500) and 49% owned by GE ( GE, Fortune 500 ). Comcast will manage the company. The complicated deal,...
May 4, 2011 · Comcast and GE then formed a joint venture, with GE contributing the NBCU businesses, valued at some $30 billion. Comcast contributed its cable networks and digital media properties, valued at...
Dec 3, 2009 · NEW YORK (CNNMoney.com) -- General Electric and Comcast announced a joint venture worth a combined $37.25 billion on Thursday that will give the cable company eventual control of NBC...
Jan 29, 2011 · Under the terms of the transaction, GE contributed to the joint venture NBC Universal, Inc.'s businesses, including its cable networks, filmed entertainment, televised entertainment, theme parks, and unconsolidated investments.
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Dec 3, 2009 · Comcast and General Electric announced Thursday morning they would enter into a partnership venture that would merge NBC Universal with Comcast’s cable networks, regional sports networks and...
