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Television & Radio M&A image Television & Radio M&A » By The Online Investor Staff, updated Sat., Mar. 6, 9:13 PM Recent mergers and acquisitions in the Television & Radio M&A category.

Slide #52. Comcast Corporation General Electric's 49% Common Equity Ownership Interest in NBCUniversal

Acquirer: Comcast Corporation (NASDAQ:CMCSA)
Acquiree: General Electric's 49% Common Equity Ownership Interest in NBCUniversal
Details: Comcast Corporation (NASDAQ:CMCSA,CMCSK) announced today it will acquire GE's entire 49% common equity stake in the NBCUniversal joint venture for approximately $16.7 billion. Also, NBCUniversal will purchase from GE the properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC's headquarters in Englewood Cliffs, NJ for approximately $1.4 billion. The acquisition accelerates GE's divestiture ahead of a redemption period that would have begun in July 2014 and solidifies Comcast's position as a leading media and technology company. The transaction is subject to customary closing conditions and is expected to close by the end of the first quarter of this year.

Comcast is a media and technology company. Co.'s segments are: Cable Communications, which provides internet, video, voice, and security and automation services in the United States individually and as bundled services at a discounted rate over its cable distribution system to residential and business customers; NBCUniversal, which includes a portfolio of national cable networks that provide a variety of entertainment, news and information, and sports content, regional sports and news networks, international cable networks, and cable television studio production operations; and Sky, which owns a portfolio of pay television channels that provide entertainment, news, sports and movies.

Comcast SEC Filing Email Alerts Service


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Company Name: 
Comcast Corp
Stock buyback: 
CMCSA buyback
Website: 
www.comcastcorporation.com
Sector: 
Television & Radio
Number of ETFs Holding CMCSA: 
119
Total Market Value Held by ETFs: 
$28.60B
Total Market Capitalization: 
$245.61B
% of Market Cap. Held by ETFs: 
11.65%
 

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Strong Buy (3.50 out of 4)
59th percentile
(ranked higher than approx. 59% of all stocks covered)

Analysts' Target Price:
CMCSA Stock Forecast

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