M&A Deal Summary

Comcast and General Electric Acquire NBC Universal

On December 3, 2009, Comcast and General Electric acquired media company NBC Universal

Acquisition Highlights
  • This is Comcast’s 1st and General Electric’s 1st transaction in the Media sector.
  • This is Comcast’s 9th and General Electric’s 9th transaction in the United States.
  • This is Comcast’s 2nd and General Electric’s 2nd transaction in New York.
Investment Fate
  • NBC Universal was sold to a consortium of strategic buyers in 2013.

M&A Deal Summary

Date 2009-12-03
Target NBC Universal
Sector Media
Buyer(s) Comcast
General Electric
Deal Type Joint Venture

Target

NBC Universal

New York, New York, United States
NBCUniversal owns and operates a portfolio of news and entertainment television networks, a motion picture company, television production operations, a leading television stations group, theme parks, and a suite of Internet-based businesses.

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Buyer(S) 2

Buyer

Comcast

Philadelphia, Pennsylvania, United States

Category Company
Founded 1963
Sector Media
Employees182,000
Revenue 123.7B USD (2024)
DESCRIPTION
Comcast Center in downtown Philadelphia, Pennsylvania.
Comcast Center in downtown Philadelphia, Pennsylvania.

Comcast is a media and communications company that provides entertainment, information, and communications products and services in the United States and internationally. Comcast was incorporated in 1963 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 9 of 26
Sector: Media M&A 1 of 4
Type: Joint Venture M&A Deals 1 of 1
State: New York M&A 2 of 6
Country: United States M&A 9 of 24
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-09 Cimco Communications

Oakbrook Terrace, Illinois, United States

Cimco Communications is a CLEC serving mid-sized business customers. A technology solutions provider, CIMCO offers advanced voice and data solutions to leading businesses who appreciate the rare combination of cutting-edge technology and old-fashioned customer service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-02 New Global Telecom

Lakewood, Colorado, United States

New Global Telecom, Inc. (NGT) a provider of wholesale hosted and trunk-based VoIP solutions in the United States. At its core, NGT is a widely-recognized, experienced provider of predictable, business-class VoIP solutions.

Buy -
Buyer

General Electric

Boston, Massachusetts, United States

Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 38.7B USD (2024)
DESCRIPTION
General Electric office in Dubai, United Arab Emirates.
General Electric office in Dubai, United Arab Emirates.

General Electric is a diversified technology and financial services company. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 15 of 41
Sector: Media M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 2
State: New York M&A 2 of 2
Country: United States M&A 9 of 20
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-12 GE Security

Bradenton, Florida, United States

GE Security helps secure and protect commercial, residential, industrial, and government properties.

Sell $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-07 GE Asset Intelligence

Barrington, Illinois, United States

GE Asset Intelligence LLC is a provider of software technologies with satellite and cellular communications to deliver reliable, data-driven telematics solutions for supply chain asset management.

Sell $15M