Comcast agreed to buy the rest of NBCUniversal from General...
Comcast agreed to buy the rest of NBCUniversal from General Electric for about $16.7 billion, the cable operator said Tuesday. GE has a 49 percent stake in the joint venture the companies formed when Comcast bought control of NBCU. Comcast…
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said it expects the deal for NBCU, and another $1.4 billion deal for some GE real estate used by NBCU, to close by the end of March. Comcast said it will fund the purchase with about $11.4 billion of cash on hand, a $4 billion senior unsecured note to be issued to GE, $725 million of preferred stock also to be issued to GE and $2 billion in borrowings under Comcast or a subsidiary’s credit facilities. Separately, the company said it will increase its annual dividend 20 percent to 78 cents per share.