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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 ...
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%.
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 ...
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 ...
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 ...
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 ...
NBC was founded in 1926 by the Radio Corporation of America (RCA), a then-subsidiary of General Electric (GE), making it the oldest major broadcast network in the United States. 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 ...
General Electric bought NBC in 1986, resulting in GE's station in Denver, KCNC-TV, becoming part of NBC's owned-and-operated stations group. One year later, NBC won a bidding war to acquire WTVJ, the then-CBS affiliate in Miami. [20] NBC had been unhappy with its longtime affiliate WSVN for heavily preempting the network's daytime lineup ...