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The first and oldest major broadcast network in the United States, NBC was formed in 1926 by the Radio Corporation of America (RCA), then owned by General Electric (GE), Westinghouse, AT&T Corporation and United Fruit Company. In 1932, the US Government forced GE to sell RCA and NBC due to antitrust violations. In late 1986, GE regained control ...
In 1932, GE was forced to sell RCA and NBC as a result of antitrust charges; in 1986, control of NBC passed back to GE through its $6.4 billion purchase of RCA, which sold off the entirety of NBC's radio assets. In 2003, French media Vivendi merged its assets with GE to form NBC Universal.
NBCUniversal was formed on May 11, 2004, as NBC Universal, Inc., when Vivendi sold 80% of Universal Pictures to the now-defunct General Electric, NBC's then-owner. [ 7 ] [ 8 ] The sale gave Vivendi a 20% stake in NBC Universal, while GE held the remaining 80%.
General Electric Co. (NYSE: GE) is about to be entirely without its former NBCUniversal media unit. After the close came word that Comcast Corp. (NASDAQ: CMCSA) has decided to acquire GE's entire ...
Comcast (CMCSA), the nation's largest cable company, and GE (GE), the giant industrial conglomerate, are nearing agreement on a deal that would value NBC Universal, the huge entertainment company ...
Acquisition of NBC Universal by Comcast The logo of Comcast from late 2006 to 2013 NBCUniversal logo as of January 31, 2011 Alternate NBCUniversal logo, created after the company's takeover and featuring Comcast's updated NBC peacock logo to promote its ownership Initiator Comcast Target NBC Universal from GE Type Majority stake (until March 2013) Full acquisition (from March 2013) Cost US$ 13 ...
Vivendi (VIVDY) sold a nearly 7.7% stake in NBC Universal to General Electric (GE) for $2 billion, the companies announced Monday. The sale is the first phase of a previously announced $5.8 ...
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