Comcast to buy rest of NBC Universal from GE in $16.7 billion deal

[Hum]

Comcast Corp clinched full control of NBC Universal for $16.7 billion on Tuesday, the latest in a series of deals that have taken the cable operator from humble roots in Tupelo, Mississippi, to Manhattan's iconic Rockerfeller Center.

The nation's largest cable operator unveiled plans on Tuesday to buy out General Electric Co's remaining 49 percent stake in the NBC Universal joint venture. That gives it full control of one of the industry's largest and most profitable stable of cable networks, as well as the NBC broadcast network with its recognizable peacock logo.

Combining properties such as USA Network, Universal Studios and more than 22 million cable subscribers, the deal completes a 50-year transformation for Comcast, which was founded by Chief Executive Officer Brian Roberts' father, Ralph, in 1963.

Comcast bought 51 percent of NBC Universal in 2011 after winning antitrust approval from the Justice Department.

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[zeta_immersion]

Hey .. WTF happened to G4TV man ... Olivia left then some bunch of parades of females (always good in my books) 2 years after though it gets destroyed. Really .... WTF!!!!!!

day tokr jubs!!!!

[Growled Member]

They sure have come a long way since their humble beginnings. I sure hope they don't screw things up now and ruin it all.

[Hum]

I wonder if this will keep cable/satellite prices down, or send them up.

[Mr. Gibs]

the latest in a series of deals that have taken the cable operator from humble roots in Tupelo, Mississippi, to the worst cable operator in the world

Fixed.