Comcast Is Buying The Rest Of NBC From GE, Everyone's Shares Are Surging

Comcast is buying the remaining 49 percent of NBC Universal from GE for a$16.7 billion. And the market seems to think this is a win-win. Shares of Comcast are up 8 percent. Shares of GE are up 4 percent. Here's the full statement: Comcast to Acquire General Electric's 49% Common Equity Ownership Interest in NBCUniversal PHILADELPHIA--(BUSINESS WIRE)-- Comcast Corporation (Nasdaq: CMCSA, CMCSK) announced today it will acquire GE's entire 49% common equity stake in the NBCUniversal joint venture f...