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News Breaks | | | | February 12, 2013 | | 16:52 EDT |  | GE, CMCSA | General Electric sells 49% stake in NBCU joint venture to Comcast for $16.7B
GE (GE) announced the sale of its remaining 49% common equity interest in its joint venture with Comcast (CMCSA), which includes NBCUniversal, as well as the NBCU floors in 30 Rockefeller Center, for $18.1B. Under the terms of the transaction, GE will sell its remaining 49% common equity stake in the NBCU joint venture to Comcast for $16.7B. GE will receive $12B in cash, $4B in Comcast guaranteed debt, and $700M of preferred stock. Additionally, GE Capital will sell the NBCU occupied floors in 30 Rockefeller Center, and property in Englewood Cliffs, New Jersey, to NBCU affiliates for $1.4B in cash. The transaction has been approved by the boards of directors of GE and Comcast and remains subject to customary closing conditions, which are expected to be satisfied before the end of Q1. | |
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News For GE;CMCSA From The Last 14 Days Check below for free stories on GE;CMCSA the last two weeks. |
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| May 23, 2013 | | 06:07 EDT |  | GE | Bank of Ayudhya denies report of Mitsubishi UFJ offer for GE stake, Reuters says
 Subscribe for More Information | | | May 22, 2013 | | 14:48 EDT | | GE | General Electric considering IPO for some parts finance unit, Bloomberg says
General Electric CEO Jeffrey Immelt said the company is considering an IPO for some parts of its finance unit, reports Bloomberg, citing comments from Immelt. Reference Link | | | 11:31 EDT | | GE | General Electric reaffirms 2013 operating framework
Subscribe for More Information | | | 07:29 EDT | | CMCSA | Xbox won't hurt pay TV companies in near-term, AllThingsD says
Subscribe for More Information | | | 07:24 EDT |  | CMCSA | NetEvents International to host a summit
Subscribe for More Information | | | 07:24 EDT | | GE | Electrical Products Group to host a conference
Subscribe for More Information | | | May 21, 2013 | | 10:33 EDT | | GE | Boeing confirms completion of 747-8 test flight
Subscribe for More Information | | | 08:44 EDT | | GE | Regulators to soon vote on non-banks, WSJ reports
Subscribe for More Information | | | 06:52 EDT | | CMCSA | Video on demand from cable companies becoming more popular, NY Times says
Subscribe for More Information | | | May 20, 2013 | | 13:45 EDT | | CMCSA | Comcast's NBC names new news president
Subscribe for More Information | | | | 07:05 EDT |  | GE | General Electric volatility flat into plans to return $18B to holders
Subscribe for More Information | | | 06:31 EDT | | GE | GE Capital board plans to pay $6.5B of dividends to parent GE in 2013
GE announced that the board of GE Capital Corporation, or GECC, had approved plans for GECC to pay $6.5Bin dividends in 2013 to GE. Earnings-dividend payments, which are subject to GECC Board and GE Board Risk Committee approvals, are planned at 30% of GECC's total 2013 earnings. GECC paid the first-quarter earnings-dividend of $447M to GE on April 19, 2013. In addition, GECC plans $4.5B in special dividends to GE in 2013, subject to the same approvals. Under its balanced capital allocation plan of investing for its long-term growth, maintaining an attractive dividend pay-out and repurchasing stock, GE plans to return $18B cash to its shareholders in 2013, including repurchase of $10B of stock. | | | May 17, 2013 | | 15:51 EDT | | CMCSA | DirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link | | | 15:26 EDT | | CMCSA | DirecTV considering acquisition of Hulu, Dow Jones reports
Subscribe for More Information | | | May 16, 2013 | | 09:24 EDT | | CMCSA | Amazon.com expands content licensing agreement with NBCUniversal
Subscribe for More Information | | | 05:51 EDT | | CMCSA | NBCUniversal says winter Olympic Games ad sales strong, WSJ reports
Comcast's (CMCSA) NBCUniversal unit is projecting advertising sales over $800M for the Olympic Games next year in Russia, which would be a record for the Winter Games, despite the decision by Anheuser-Busch InBev (BUD) and Hilton Worldwide not to advertise on the event in Sochi, reports the Wall Street Journal. The company said it has sold 75%-80% of its TV inventory.Reference Link | | | May 15, 2013 | | 19:59 EDT | | CMCSA | Pay-TV operators eye Hulu, WSJ reports
At least two pay-TV operators, including Time Warner Cable (TWC), are looking at an investment in Hulu, jointly controlled by Comcast (CMCSA), Disney (DIS), and News Corp. (NWSA), reports the Wall Street Journal, citing people familiar with the matter. Reference Link | | | 17:30 EDT | | GE | GE, Boeing warn of defective engine parts, WSJ reports
General Electric (GE) said more than 70 Boeing (BA) 777 models may be affected by an engine manufacturing defect, reports The Wall Street Journal. Reference Link | | | 17:03 EDT | | GE | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | 11:48 EDT | | CMCSA | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. | | |
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