Comcast Corp. is going to buy all of General Electric's remaining stake in NBCUniversal for $16.7 billion, the cable giant announced today.
NBCUniversal will also buy its facilities at 30 Rockerfeller Plaza and CNBC's headquarters in New Jersey for $1.4 billion. The deal is expected to go through by the end of March.
Comcast already owns 51 percent of NBCUniversal since its purchase of the majority stake from GE went through in 2011. Comcast is the largest cable provider in the U.S.
Today's announcement comes well before the agreed deadline for Comcast to buy … Read more