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On January 28, 2011, Comcast Corporation and General Electric completed their merger to create a joint venture, NBCUniversal, LLC.
NBCUniversal is now one of the world’s leading media and entertainment companies in the development, production and marketing of entertainment, news and information to a global audience. It owns and operates a valuable portfolio of news and entertainment television networks, a premier motion picture company, significant television production operations, a leading television stations group and world-renowned theme parks.
Under the terms of the transaction, GE contributed to the joint venture NBCUniversal, Inc.’s businesses, including its cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments. Comcast contributed its cable networks, its regional sports networks, certain digital media properties and made a payment to GE. The new company is 51% owned by Comcast, 49% owned by GE and managed by Comcast. It maintains its headquarters in New York City.
For information on the NBC Universal joint venture, please visit www.comcast.com/nbcutransaction.
All non-media related questions about the NBCU transaction should be directed to NBCU_Transaction@Comcast.com.
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