COMCAST CORP acquires NBCUniversal (GE's remaining 49% equity interest)

COMCAST CORP acquired NBCUniversal (GE's remaining 49% equity interest) for approximately $16.7 billion for GE's 49% stake, plus approximately $1.4 billion for the 30 Rockefeller Plaza and CNBC headquarters properties, a transaction completed in March 2013, structured as all cash.

NBCUniversal (GE's remaining 49% equity interest) operates in NBCUniversal, is based in United States. Comcast announced it would acquire GE's entire remaining 49% common equity stake in the NBCUniversal joint venture for approximately $16.7 billion, taking NBCUniversal to 100% Comcast ownership. NBCUniversal also purchased from GE the properties used at 30 Rockefeller Plaza and CNBC's Englewood Cliffs, NJ headquarters for approximately $1.4 billion. The acquisition accelerated GE's exit ahead of a redemption period that would have begun in July 2014 and closed March 19, 2013.

Our decision to acquire GE's ownership is driven by our sense of optimism for the future prospects of NBCUniversal and our desire to capture future value that we hope to create for our shareholders.

Full ownership lets Comcast capture all of NBCUniversal's future value; financed with prepared balance-sheet steps. NBCUniversal

Advisory firms were not disclosed for this transaction.