Comcast purchases majority stake in NBC Universal, awaiting regulatory approval

One of the world’s largest corporations this morning officially announced its intentions to sell one of the most storied media brands to the country’s biggest cable-TV and broadband-Internet company.
General Electric‘s $30 billion sale of a 51 percent majority stake in NBC Universal to Center City-based Comcast comes after months of highly-publicized talks. The NBC acquisition will make Comcast the largest media company in the country, with $51 billion in annual revenue and more than $100 billion in assets, as the Inquirer reports, topping Walt Disney Co.
“This deal is a perfect fit for Comcast and will allow us to become a leader in the development and distribution of multiplatform “anytime, anywhere” media that American consumers are demanding,” Comcast CEO Brian Roberts said in a statement this morning.
Today’s announcement, which was widely expected, doesn’t mean the deal is done.
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