Wednesday, February 13, 2013

BREAKING. Comcast taking full ownership of NBCUniversal in $16,7 billion deal for remaining 49% of General Electric.


Comcast, an America's largest cable TV operator is taking full control and ownership of NBCUniversal a year after it acquired a majority stake in January 2011 in the media conglomerate, and will now control all of NBCUniversal by paying $16,7 billion for the remaining 49% of General Electric (GE).

NBCUniversal through Universal Networks International runs, provides, distributes and makes available a vast array of TV shows, TV channels, movies and entertainment content to South African consumers through both MultiChoice's DStv and On Digital Media's TopTV.

From TV channels such as E! Entertainment, Studio Universal, KidsCo, MSNBC, The Universal Channel, CNBC and many more to TV shows such as 30 Rock, Revolution and White Collar all belong to and are made available by NBCUniversal International.

Comcast will now own 100% of NBCUniversal.

In a press statement Comcast CEO Brian Roberts says "our decision to acquire General Electric's ownership is driven by our sense of optimism for the future prospects of NBCUniversal and our desire to capture future value that we hope to create for our shareholders".

Comcast will also take over the property of 30 Rockefeller Plaza in New York, as well as the business channel CNBC's headquarters in Englewood Cliffs, New Jersey.