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Comcast Buys Out GE's Remaining 49% Stake In NBC

Posted by Unknown on from the no-conflict-of-interest-here dept.

Bob the Super Hamste writes "On Tuesday Comcast announced that it would accelerate its acquisition of NBCUniversal and purchase the remaining 49% owned by GE for $16.7 billion. Previously GE and Comcast were expected to operate NBCUniversal jointly until mid 2014 with Comcast having the option to extend that out until 2018. So far there are not details on when the deal with be completed but the article indicates that Comcast's complete acquisition of NBCUniversal will be completed years earlier that initially thought."

5 of 149 comments (clear)

  1. 30 Rock by Anonymous Coward · · Score: 3, Funny

    Kabletown

  2. Vertical Integration by Anonymous Coward · · Score: 5, Funny

    Jack:The only thing I will be discussing with the House Subcommittee on Baseball, Quiz Shows, Terrorism, and Media is vertical integration.
      Liz:What's vertical integration?
      Jack:Imagine that your favourite corn chip manufacturer also owned the number one diarrhea medication.
        Liz: That'd be great cuz then they could put a little sample of the medication in each bag.
      Jack:Keep thinking.
      Liz:Except then they might be tempted to make the corn chips GIVE you...
      Jack:Vertical integration.

    1. Re:Vertical Integration by PoolOfThought · · Score: 3, Funny

      Probably both... I mean... it is kind of cross between #1 and #2. (i somehow feel very wrong after that)

      --
      My present is the activity I am currently engaged in with the purpose of turning the future into a better past.
  3. Re:Unprecidented control over US mind-share by Anonymous Coward · · Score: 1, Funny

    Comcast along with other companies like Disney, ClearChannel, etc. are not to be trusted. Be wary, my friends.

    Nonsense! Comcast is my broadband provider and they've never once stopped me from criticizing them. For example, I've been critical of them in the past for%%NO CARRIER

  4. Content viewing limitations by DewDude · · Score: 3, Funny

    You can watch all the NBC you want; but after 250 hours your viewing will be reduced to MSNBC.