The rumors turn out to be true, as the cable TV monolith concludes a deal to acquire the struggling technology TV company for a reported $300 million.
Tense TechTV employees, numb from months of speculation about their future, were told during an emotional all-hands meeting late Wednesday afternoon that Comcast is buying their company.
That announcement, expected to be made formally by Comcast on Thursday, ends months of speculation that the cable TV giant planned to buy the struggling technology news outlet, owned by Paul Allen’s Vulcan Ventures since 1998.
Read more at Wired.com
