'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
Analysts believe General Electric Co. gave Comcast Corp. a great deal on the half of NBCUniversal that the cable company doesn't already own.
Is General Electric letting Comcast gobble up the NBCUniversal media empire at a bargain price? Wall Street thinks so.
Comcast's chief financial officer, Michael Angelakis, said in a conference call Wednesday that GE got a good deal as well, adding that GE gets a lot of cash to invest elsewhere.
"I think it's a very good deal for them as well," Angelakis said Wednesday. "I think from their standpoint they're going to receive a lot of cash, which we know they're going to deploy to other services. And from our standpoint, I think it was an advantage to accelerate that, and I think we've received a very fair price."