Comcast officially buys control of NBC
12/03, 7:55am
Comcast has controlling stake, GE minority
Comcast today confirmed late rumors and bought a 51 percent stake in NBC Universal that gives it control of the studio. The deal sees GE maintain a 49 percent stake and receive about $6.5 billion from Comcast; NBC Universal in turn is borrowing $9.1 billion to pay GE. While the new combined company doesn't yet have a name, but Comcast has created a second division known as the Comcast Entertainment Group that will handle the content aspects of the venture.
