Official: Comcast to Acquire 51% Stake in NBC

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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  • tayb
    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?
    25
  • deadlockedworld
    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?
    23
  • fulle
    This news makes me sad.
    18
  • Other Comments
  • fulle
    This news makes me sad.
    18
  • deadlockedworld
    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?
    23
  • Anonymous
    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!!!
    8