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Comcast’s NBCUniversal sold its 16 percent stake in A&E Television...

Comcast’s NBCUniversal sold its 16 percent stake in A&E Television Networks back to A&E for $3 billion in cash, the cable operator said in an SEC filing Monday (http://xrl.us/bnged3). That’s “well above the initial price floated around months ago of…

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$2B, and even higher than the price reported by trade press on 7/6 of $2.8B” (CD July 9 p13), analyst Marci Ryvicker of Wells Fargo wrote investors.