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Acquisition of NBC Universal by Comcast

2009 acquisition / From Wikipedia, the free encyclopedia

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On December 3, 2009, telecommunications company Comcast announced its intent to acquire mass media company NBCUniversal from General Electric (GE). The acquisition was subject to scrutiny from activists and government officials; their concerns primarily surrounded the potential effects of the vertical integration that the acquisition could create, as Comcast is also heavily involved in cable television and internet services in many media markets.[2] The deal went through on January 29, 2011, resulting in Comcast owning 51% of the company until March 19, 2013, when GE divested its stake to give Comcast sole ownership. Through this acquisition, Comcast gained ownership of the National Broadcasting Company (NBC), the Universal Pictures film studio, cable channels such as Syfy, CNBC and MSNBC, and Universal Parks & Resorts, among other assets owned by NBCUniversal. It has also integrated its own cable channels – including E! and Golf Channel – into NBCUniversal.

Quick facts: Initiator, Target, Type, Cost, Initiated...
Acquisition of NBC Universal by Comcast
The logo of Comcast since late 2012.
NBCUniversal logo since 2011.
Alternate logo of NBCUniversal used by Comcast to promote their ownership.
TargetNBC Universal from GE
  • Majority stake (until March 2013)
  • Full acquisition (from March 2013)
CostUS$13.75 billion[1]
InitiatedDecember 3, 2009
  • January 29, 2011 (majority)
  • March 19, 2013 (full ownership)
Resulting entityNBCUniversal