Comcast doubles down on TV in $16.7B deal for NBCU

Posted on February 13, 2013

FILE - In this Wednesday, Nov. 28, 2012 file photo, the Rockefeller Center Christmas tree is lit during the 80th annual tree lighting ceremony at Rockefeller Center in New York. Comcast said Tuesday, Feb. 12, 2013, that it's buying General Electric's 49 percent stake in the NBCUniversal joint venture for $ 16.7 billion several years early, as the company takes advantage of low borrowing costs and what CEO Brian Roberts called a "very attractive price."(AP Photo/Kathy Willens)LOS ANGELES (AP) — Comcast's $ 16.7 billion deal to buy the remaining half of NBCUniversal ahead of schedule represents a resounding vote of confidence in the future of TV, even as the growth of Internet video reshapes the entertainment landscape.


Full Story Via Tech News Headlines – Yahoo! News

Related posts:

  1. Yahoo closes $7.6 billion deal with Alibaba Group
Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>