While Comcast (CMCSA +1.96%) had up to this point only held a 51% stake in NBCUniversal with General Electric (GE 0.53%) holding the remaining 49%, the two companies have now reached a deal for GE to sell Comcast its stake in the company for $16.7 billion. And, in an unusual turn for this type of deal, shares were up for both companies as a result. In this video, Motley Fool senior technology analyst Eric Bleeker tells investors why this move fits in both with GE's plans to streamline and with Comcast's goal of providing both media connectivity and media content.
GE and Comcast: This Deal Is Win-Win
By Eric Bleeker – Feb 13, 2013 at 6:29PM
NYSE: GE
GE Aerospace
Market Cap
$326B
Today's Change
(-0.53%) $1.64
Current Price
$309.11
Price as of October 31, 2025 at 3:58 PM ET
Comcast buys the rest of NBCUniversal from GE, and everybody wins.
About the Author
Eric Bleeker, CFA joined The Motley Fool at the height of the financial crisis in 2008. For the next four years he led the Fool's Tech & Telecom sector, both writing articles and providing feedback and ideas to writers. Today, Eric is the General Manager of Fool.com, but still enjoys writing a tech article or two from time to time. Follow @bleekertech