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Official: Comcast to Acquire 51% Stake in NBC

By - Source: Tom's Hardware US | B 38 comments

It's a story that has been heavily reported all week and now it's official: Comcast and General Electric have announced that Comcast will acquire a stake in GE's NBC Universal.

Bloomberg today reports that in a deal valued at $37 billion, Comcast, the country's largest cable television company, will start a joint venture with NBC Universal, strengthening its push into programming.

Comcast will contribute cable channels worth over $7 billion and acquire a 51 percent stake in NBC, which means it will gain control of the USA, CNBC, MSNBC and Bravo cable channels, NBC’s broadcast networks and stations, a film studio as well as some amusement parks. On top of all that, Comcast also pay GE $6.5 billion in cash.

TechCrunch reports that the new venture will operate with three directors nominated by Comcast and two from GE. The business' head quarters will remain in New York.

Read more about the deal on Bloomberg.

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Top Comments
  • 25 Hide
    tayb , December 3, 2009 2:56 PM
    Gee. I wonder how Comcast has enough $$ to pull off a purchase such as this. If we believe all the BS coming from these giants they are just losing money right and left... poor them. But, miraculously, they still managed to have some 37 billion in the pockets just in case they wanted to buy a majority share of NBC!

    Hey, it's cool. No need to update your internet lines to provide more bandwidth. Not like the rest of the world has faster internet speed than we do in the US. You keep spending billions of dollars at a time and simultaneously complaining that "downloaders" are hurting your bottom line.

    It doesn't hurt the lips to talk about of separate sides of the mouth?
  • 23 Hide
    deadlockedworld , December 3, 2009 2:38 PM
    Stay tuned for the NBC special on the evils of net neutrality.

    And at 11pm--Why are the the horrible nerds using up all your porn bandwidth?
  • 18 Hide
    fulle , December 3, 2009 2:28 PM
    This news makes me sad.
Other Comments
    Display all 38 comments.
  • 18 Hide
    fulle , December 3, 2009 2:28 PM
    This news makes me sad.
  • 23 Hide
    deadlockedworld , December 3, 2009 2:38 PM
    Stay tuned for the NBC special on the evils of net neutrality.

    And at 11pm--Why are the the horrible nerds using up all your porn bandwidth?
  • 8 Hide
    Anonymous , December 3, 2009 2:39 PM
    this is great news for the world to hear. just one step closer to global domination. oh and watch the new old dogs movie! it's hilarious!!!
  • 15 Hide
    ravewulf , December 3, 2009 2:44 PM
    Not sure I like this at all. I'm still very wary after they tried to buy Disney.

    NO ONE messes with my Disney. *glares at Comcast*
  • 1 Hide
    maigo , December 3, 2009 2:45 PM
    They should make Monopoly with corporations
  • 12 Hide
    billin30 , December 3, 2009 2:47 PM
    Bye bye free Hulu
  • 3 Hide
    mustwarnothers , December 3, 2009 2:54 PM
    "It all boils down to them shit-soaked pigs

    The pigs, the pigs, the dregs of what y'all aim for
    The gluttonous muddy stomachs under the pudgy cakehole
    Two-track braniacs using the food and payroll
    To chew up and consume every cookie, crumb, and peso

    And place a cloven hoof on the lucrative when convenient
    As the bourbon-odor smokers' coughs smolder off the Cohiba

    If Noah had the benefit of hindsight on his ship
    He could've snatched two unicorns and left behind the motherf$@king Pigs.
  • 25 Hide
    tayb , December 3, 2009 2:56 PM
    Gee. I wonder how Comcast has enough $$ to pull off a purchase such as this. If we believe all the BS coming from these giants they are just losing money right and left... poor them. But, miraculously, they still managed to have some 37 billion in the pockets just in case they wanted to buy a majority share of NBC!

    Hey, it's cool. No need to update your internet lines to provide more bandwidth. Not like the rest of the world has faster internet speed than we do in the US. You keep spending billions of dollars at a time and simultaneously complaining that "downloaders" are hurting your bottom line.

    It doesn't hurt the lips to talk about of separate sides of the mouth?
  • 7 Hide
    skora , December 3, 2009 3:00 PM
    Theres some of us that are still pissed that Comcast, who owns Versus, and Direct TV couldn't come to a deal so DirectTV users don't get Vs. Guess what, now they probably won't get NBC stations either. DirectTV will have to buy ABC and Dish will have to buy Fox, so you'll have to have 3 providers and none of them will have overlapping stations except for QVC. We'll never get rid of that one.
  • 13 Hide
    Anonymous , December 3, 2009 3:00 PM
    Great. Now NBC's prime time lineup will not only suck, but you won't be able to stream the episodes because their bandwidth is capped :p 
  • 8 Hide
    Anonymous , December 3, 2009 3:16 PM
    You see? I told you those internet companies have more than enough money!
    Trying to limit internet traffic, with the excuse that they either are going to increase the prices... They get more money by far than what they spend!
    The consumer should have the option to subscribe to a $12 internet connection per month!
  • 3 Hide
    pug_s , December 3, 2009 3:17 PM
    Reminds me of the AOL buyout of Time warner a few years back.
  • 4 Hide
    mustwarnothers , December 3, 2009 3:19 PM
    The above song quote couldn't be more appropriate, but it gets downrated by Tech nerds.

    I'm sure if it was a Dreamtheater quote, they'd be all over it.
  • 2 Hide
    wenty , December 3, 2009 3:20 PM
    No wonder my Comcast bill keeps going up..... I will dump them if this continues to be the trend.
  • 0 Hide
    captaincharisma , December 3, 2009 3:39 PM
    bye bye jay Leno.
  • 4 Hide
    jon bon wonton , December 3, 2009 3:53 PM
    MustWarnOthersThe above song quote couldn't be more appropriate, but it gets downrated by Tech nerds.I'm sure if it was a Dreamtheater quote, they'd be all over it.


    No, it's because if Noah left the pigs behind, we wouldn't have bacon.
  • 5 Hide
    SAL-e , December 3, 2009 3:56 PM
    skora... so you'll have to have 3 providers and none of them will have overlapping stations except for QVC. We'll never get rid of that one.

    Sure you can. I did it. I just cancel all TV subscriptions. And I am not going to be their customer until they allow me to select which channels I want to watch. If more people do this sooner we will kick out the garbage from the TV screen. And while I am waiting for this to happen I just starting reading more and enjoy it very much. Thanks very much Google Books.
  • 5 Hide
    beehew , December 3, 2009 4:09 PM
    Who's Jack Donaghey's new boss going to be?
  • 1 Hide
    RooD , December 3, 2009 4:24 PM
    Well NBC will go off the air all the time... Comcast is crap. My TV always cuts out and my internet is always down with them...
  • 0 Hide
    cabletechnician , December 3, 2009 4:28 PM
    Now there will be even less to watch on TV. Hope everyone likes reality shows delivered in compressed HD. Good thing my smooth-motion TV is good at polishing turds.

    -The Cable Guy
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