Comcast, GE Complete NBCU Deal

Comcast and General Electric closed their transaction to create a joint venture, NBCUniversal LLC. Under the terms of the transaction, GE contributed to the joint venture NBC Universal's businesses, including its cable networks, filmed entertainment, televised e...

Comcast and General Electric closed their transaction to create a joint venture, NBCUniversal LLC. Under the terms of the transaction, GE contributed to the joint venture NBC Universal's businesses, including its cable networks, filmed entertainment, televised entertainment, theme parks, and unconsolidated investments. Comcast contributed its cable networks, including E!, Versus and the Golf Channel, its regional sports networks, certain digital media properties, and made a payment to GE. The new company is 51 percent owned by Comcast, 49 percent owned by GE, and managed by Comcast. It maintains its headquarters in New York City.
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