Comcast buys remaining NBCU stake for $18.1 bn | Bangkok Post: news

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Comcast buys remaining NBCU stake for $18.1 bn

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Comcast Corp. agreed Tuesday to buy the remaining 49 percent stake in media and entertainment giant NBCUniversal from its joint venture partner General Electric for $18.1 billion. 

A sign stands in front of a Comcast customer service center on August 3, 2011 in Oakland, California. Comcast Corp. agreed Tuesday to buy the remaining 49 percent stake in media-entertainment giant NBCUniversal from its joint venture partner General Electric for $18.1 billion.

"This is an exciting day for Comcast as we have agreed to accelerate the purchase of NBCUniversal," Comcast chief executive Brian Roberts said as the two firms announced the deal ending the joint venture created two years ago.

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