Comcast announces deal to acquire General Electric’s remaining 49% common equity stake in the NBCUniversal joint venture.
On February 12, Willkie client Comcast Corporation announced it will acquire General Electric’s remaining 49% common equity stake in the NBCUniversal joint venture for approximately $16.7 billion. Willkie served as FCC regulatory counsel to Comcast in the deal. The acquisition accelerates GE's divestiture ahead of a redemption period that would have begun in July 2014. In 2011, Willkie advised Comcast on the regulatory aspects of its $13.75 billion transaction with GE that created the NBCUniversal, LLC joint venture. Comcast Corporation is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal.
The current deal was handled by partners Michael Hammer and Francis Buono, special counsel Michael Jones and associate Brien Bell.