While Comcast (NASDAQ:CMCSA) had up to this point only held a 51% stake in NBCUniversal with General Electric (NYSE:GE) 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.
Eric Bleeker, CFA has no position in any stocks mentioned. The Motley Fool owns shares of General Electric. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.