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#Exposed #Monopoly Comcast takes control of NBC Universal in $16.7bn buy-out

 
Anonymous Coward
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02/14/2013 04:44 AM
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#Exposed #Monopoly Comcast takes control of NBC Universal in $16.7bn buy-out
The buy-out of General Electric's remaining 49pc stake gives it one of the industry's largest and most profitable stable of cable networks, as well as the NBC broadcast network with its recognisable peacock logo.

Comcast's deal follows Michael Dell's $24.4bn deal to take the computer-maker he founded private and a $23.3bn bid for UK cable company Virgin Media by John Malone's Liberty Global.

Tuesday's deal, combining properties such as USA Network, Universal Studios and more than 22 million cable subscribers, completes a 50-year transformation for Comcast, founded in 1963 by chief executive Brian Roberts' father, Ralph.

Comcast, which bought 51pc of NBC Universal in 2011, now becomes a $39bn business marrying cable distribution with cable content.

[link to www.telegraph.co.uk]
Anonymous Coward
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02/14/2013 04:47 AM
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Re: #Exposed #Monopoly Comcast takes control of NBC Universal in $16.7bn buy-out
People are starting to catch on the the Cabal of wall street.... but dont worry GE owns just as many Ghost shares of Comcast..... It is just switching from one hand to the other.... another crying game conjured up by the elite the take heat off of GE..... they are the same people at comcast take a look at the history of the boards they are run by the same people

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