COMCAST CORP acquires NBCUniversal (control / 51% joint venture with GE)

COMCAST CORP acquired NBCUniversal (control / 51% joint venture with GE) for NBCU businesses valued at $30 billion; Comcast contributed cable assets valued at $7.25 billion for a 51% controlling stake, a transaction completed in January 2011, structured as contribution of assets plus cash; Comcast 51% / GE 49% joint venture.

NBCUniversal (control / 51% joint venture with GE) operates in NBCUniversal, is based in United States. Comcast and General Electric signed a definitive agreement to form a joint venture 51% owned by Comcast, 49% owned by GE and managed by Comcast. The venture combined the NBC Universal businesses with Comcast's cable networks, regional sports networks and certain digital properties. NBCU's businesses were valued at $30 billion and Comcast contributed businesses valued at $7.25 billion. The transaction closed January 28, 2011 with the Amended and Restated LLC Agreement of NBCUniversal, LLC, giving Comcast control of NBC, Universal Pictures, Universal theme parks and a broad cable-network portfolio.

The combination of assets creates a leading media and entertainment company with the proven capability to provide some of the world's most popular entertainment, news and sports content, movies and film libraries to consumers anytime, anywhere.

Combines diverse cable portfolio with NBCU content; accelerates digital offerings and expands customer choice with a conservative capital structure. NBCUniversal