Comcast to buy GE's stake in NBCUniversal for $16.7 billion
(Reuters) - Comcast Corp said it would buy General Electric's 49 percent equity stake in their NBCUniversal joint venture for about $16.7 billion.
NBCUniversal will buy from GE the properties used by it at 30 Rockefeller Plaza and CNBC's headquarters in Englewood Cliffs, New Jersey for about $1.4 billion.
(Reporting by A. Ananthalakshmi in Bangalore)
NEW YORK - Stocks rose on Friday, capping the best week for major indexes in months as unexpectedly strong data on economic growth increased confidence that the recovery was accelerating. | Video
WASHINGTON - Start-up companies will be able to raise much more capital through certain public stock deals without facing costly regulatory burdens under a proposal announced by U.S. securities regulators on Wednesday.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.