The Good Faery (alstaria) wrote in ontd_political,
The Good Faery
alstaria
ontd_political

It's official: Comcast buys controlling interest in NBC Uni from GE

NEW YORK - Comcast and General Electric Co. agreed to a deal under which Comcast will take a 51 percent share of NBC Universal, CNBC's David Faber reported, citing sources close to the situation.
"There's nothing left but to process paper," Faber said a source told him, adding that the two companies would announce the agreement on Thursday.

The news comes hours after GE agreed to pay reportedly $5.8 billion to buy out the 20 percent remaining portion of NBC Universal it doesn't already own from French media conglomerate Vivendi SA.
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