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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."

4 of 149 comments (clear)

  1. Too much concentrated power by fustakrakich · · Score: 5, Insightful

    These people will become the 'federal government' of the internet.

    --
    “He’s not deformed, he’s just drunk!”
  2. Thank god for the internet by crazyjj · · Score: 5, Insightful

    Pretty soon a handful of companies will own every old media outlet out there. Well, at least we still have the internet.

    My ISP? Oh, it's Comcas.....oh shit.

    --
    What political party do you join when you don't like Bible-thumpers *or* hippies?
  3. Fuck Comcast by F34nor · · Score: 4, Insightful

    Largest military industrial complex member sells propaganda wing to oligopoly softcore porn distributor.

  4. Re:Syfy Channel Impact by Hes+Nikke · · Score: 4, Insightful

    Face it: the Sci-Fi channel has been a rotting corpse ever since they mutiliated the name.

    --
    Don't call me back. Give me a call back. Bye. So yeah. But bye our, well, but alright we are on a shirt this chill.