» Subscribe Today!
The Power of Information
Home
FORMERLY THE WESTVIEW | EST. NASHVILLE 1978
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 37 | NO. 6 | Friday, February 08, 2013




Wall Street: Comcast getting great deal on NBCU

Print | Front Page | Email this story

NEW YORK (AP) — Analysts believe General Electric gave Comcast a great deal on the half of NBCUniversal that Comcast doesn't already own.

Matthew Harrigan at Wunderlich Securities says GE "mispriced" the $16.7 billion deal announced late Tuesday.

Doug Mitchelson at Deutsche Bank says he had expected that GE would have held out for a better price. He asked Comcast executives on a conference call Wednesday morning if they sweetened the deal somehow.

Comcast Corp.'s chief financial officer, Michael Angelakis, says GE just liked that they are able to sell their stake earlier than expected. Comcast was going to buy GE out gradually, finishing in 2018.

Comcast shares rose 6.2 percent in morning trading, while General Electric Co.'s stock rose 3.3 percent.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0