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CORRECTED-GE says to sell remaining 49 percent stake in NBC to Comcast
February 12, 2013 / 9:46 PM / 5 years ago

CORRECTED-GE says to sell remaining 49 percent stake in NBC to Comcast

(Corrects amount of deal to $16.7 billion, not $18.1 billion)

BOSTON, Feb 12 (Reuters) - General Electric Co said on Tuesday that it would sell the remainder of its stake in NBC Universal to Comcast Corp for $16.7 billion in cash, debt and stock.

The largest U.S. conglomerate said it had raised its authorized stock buyback to $35 billion and plans to buy back $10 billion worth of shares in 2013. (Reporting By Scott Malone; Editing by Gary Hill)

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