Tag archive: GE

Sure, GE spends a lot of time doing, well, important stuff, but apparently the company can have a little fun sometimes, too. In a recent installment of The GE Show, a series of online presentations that explore themes related to the industries the company serves, some talented GE personnel endeavored to recreate New Jersey's Edison Memorial Tower within the world of Minecraft. For those who haven't been sucked into Minecraft yet,… Read More

General Electric Co. has promised to buy at least $345 million in advertising from NBC Universal over five years after selling a controlling stake in the entertainment company to Comcast Corp., according to a regulatory filing Friday. GE pledged to buy at least $59 million worth of ads in the new NBC Universal each year for five years after the sale of a 51 percent stake to Comcast, expected to close in about a year. In addition, GE is required… Read More

After months of wrangling, the deal is done: cable operator Comcast is buying a 51 percent controlling stake in NBC Universal for $13.75 billion, putting the United States' largest cable operator in control of one of the most recognized broadcast, cable, and movie operations on the planet. The deal gives Comcast control not only of the NBC broadcast network, but also includes the company's numerous cable properties (like Bravo,… Read More

According to media reports, General Electric Company has reached an agreement pay French media conglomerate Vivendi SA a little under $6 billion for its 20 percent stake in NBC Universal, clearing the path for General Electric to sell a controlling stake in NBC to cable operator Comcast. Although the deal has been in the works for months, negotiations between GE and Vivendi are taking longer than the parties anticipated, with Vivendi… Read More

General Electric and cable operator Comcast have been dancing around each other for months, with Comcast looking to expand its already-massive business by acquiring NBC's movie and television operations in what would surely be a massive deal. How massive? According to Rueters and a report in the Wall Street Journal (subscription required) the companies have now agreed on a price: $30 billion to create a new, private company combining… Read More