Comcast to buy rest of NBC Universal from GE

Comcast clinched full control of NBC Universal for US$16.7 billion, 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 per cent 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 recognisable peacock logo.

via Business feed http://www.scmp.com/business/companies/article/1149267/comcast-buy-rest-nbc-universal-ge