Comcast To Pay $18.1B For GE’s Stake In NBCU, Offices

Law360, Los Angeles (February 12, 2013, 7:19 PM EST) -- Comcast Corp. will acquire General Electric’s remaining 49 percent common equity stake in joint venture media company NBCUniversal, including its Manhattan offices at 30 Rockefeller Plaza and CNBC headquarters in Englewood Cliffs, N.J., for $18.1 billion, both media and technology titans announced Tuesday.

The NBCUniversal deal, which is subject to customary closing conditions and expected to close by the end of first quarter 2013, accelerates GE’s divestiture ahead of a redemption period that would have begun in July 2014 and “solidifies Comcast’s position as a leading...
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