Comcast buys out GE’s stake in NBCUniversal

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Comcast struck a deal on February 12 with General Electric to buy the remaining 49 percent stake in NBCUniversal for $16.7 billion.

General Electric and NBC logos adorn the GE Building in New York’s Rockefeller Center. Comcast bought General Electric’s remaining 49 percent stake in NBCUniversal for $16.7 billion. (AP photo)

Brian Roberts, chief executive of Comcast, said that the deal includes the purchase of the offices and studios at 30 Rockefeller Plaza.

The executive’s comments were reported by the New York Times.

Mr. Roberts called the Rockefeller Plaza offices “iconic” and said it would have been “expensive to replicate” studios elsewhere for the “Today” show, “Saturday Night Live,” “Late Night With Jimmy Fallon” and other programs produced there. “We’re proud to be associated with it,” Mr. Roberts said of the building.

Comcast previously owned 51 percent stake in NBCUniversal and already maintained general control of the network.

Read the full New York Times article here.

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