2/13/2013

Comcast is acquiring General Electric's remaining 49% stake in NBCUniversal for $16.7 billion. In a separate transaction, Comcast will pay about $1.4 billion to purchase the NBC studios and offices at 30 Rockefeller Center and the CNBC facility in Englewood Cliffs, N.J. The move by the cable giant, which bought a controlling interest in NBCU two years ago, "is driven by our sense of optimism for the future prospects" of the unit, Comcast CEO Brian Roberts said. The timing of the deal was motivated by the need to have control of content and delivery mechanisms to compete against a changing array of TV rivals, Roberts added.

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