GE (GE)

The $30 billion deal that switches control of NBC Universal from General Electric to Comcast brings value to allow everyone involved to focus more sharply on their core businesses, leaders of the two companies said Thursday. Comcast, the largest cable TV operator in the US, will end up controlling 51 percent of the newly-formed company while GE will own 49 percent. Jeff Zucker, current president and CEO of NBCU, will be CEO of the new joint venture.

Dec 3 · 12:22:00 PM · Source: CNBC.com
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by Rich Pike