Wednesday, 20 February 2013

Comcast buying out GE to take full control of NBCUniversal

Target: NBCUniversal Media LLC
Value: USD 16,700 million
Announced date: 12th February 2013
Target region: US
Target business: Entertainment, news and information television broadcasting and production services
 
Cable television company Comcast has agreed to acquire General Electric’s 49 per cent stake in
New York-based NBCUniversal. The buyer will fund the deal with USD 11,400 million in cash, USD
4,000 million in senior unsecured notes to be issued to GE and USD 2,000 million in debt. As
part of the transaction, Comcast will also purchase the GE building at 30 Rockefeller Plaza, and
CNBC’s headquarters in Englewood Cliffs, New Jersey.

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