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On December 3, 2009, Comcast and NBC Universal confirmed a $6.5 billion deal to merge the two companies, pending approval from the United States Department of Justice Antitrust Division; the deal would be structured as sale of Vivendi's stake in the company to GE for $5.8 billion, followed by Comcast acquiring 51% controlling stake of NBC ...
On December 3, 2009, after months of rumors, a deal was formally announced in which Comcast would buy a stake in NBC Universal from GE for $6.5 billion after the spin-off of certain businesses, pending regulatory approval. [34] Under the agreement, NBC Universal would be controlled with a 51% stake by Comcast and GE would retain the remaining 49%.
Xfinity. Adelphia Communications Corporation: assets acquired by Time Warner Cable and Comcast in 2006. Comcast Entertainment Television (CET) Comcast Television 2 (Michigan) Commuter Cable. ExerciseTV (with Time Warner Cable, New Balance, and Jake Steinfeld) Group W Cable.
Comcast-owned NBCUniversal disposed of more than half of the remaining shares it owns in BuzzFeed, a transaction that netted it $10.15 million. NBCU’s stock sale came a day after entrepreneur ...
August 7, 2024 at 11:56 AM. Disney may have to pay $5B more for Comcast's stake in Hulu. /. Loaded 0%. The battle over Hulu's value appears far from over, with both Disney ( DIS) and Comcast's ...
July 23, 2024 at 9:00 AM. NBCUniversal expects to complete an 11-year rights deal that will bring the NBA to NBC and Peacock and that will transform the schedule of the broadcast network. “Soon ...
Comcast Corporation (simply known as Comcast, and formerly known as American Cable Systems and Comcast Holdings ), [ note 1] incorporated and headquartered in Philadelphia, is an American multinational telecommunications and media conglomerate. [ 8] The corporation is the fourth-largest broadcasting and cable television company in the world by ...
After the close came word that Comcast Corp. (NASDAQ: CMCSA) has decided to acquire GE's entire 49% common equity stake in the NBCUniversal GE Unloads Rest of NBCUniversal to Comcast, Share ...