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Comcast scoops up rest of NBC Universal from GE

Comcast now owns all of NBC Universal.

The cable company shared the news in a filing with the Securities and Exchange Commission yesterday, revealing that it completed its acquisition of the 49 percent of NBCU held by GE.

To finance the purchase, Comcast said it spent $10 billion in cash (of which $3.2 billion came from NBCU), $725 million in preferred stock, $4 billion in securities, $750 million in cash funded through a commercial paper program, and $1.25 billion in cash from NBCU's credit facility.

Comcast also announced that it now owns certain properties at NBCU's … Read more

Comcast sales, income ride customer growth

With its acquisition of NBC Universal finally done, Comcast today reported a boost in both sales and earnings for its fourth quarter.

For the quarter ended December 31, the cable carrier earned $1.02 billion, a gain of 6.6 percent from the $955 million earned in the prior year's quarter. Sales grew by 7.2 percent to reach $9.72 billion compared with $9.07 billion a year ago. Both results managed to beat the expectations of analysts polled by Thomson Reuters, according to Reuters, and prompted the company to lift its annual dividend by 19 percent.

With … Read more