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"Comcast on Tuesday purchased General Electric's 49% stake in NBC Universal for $16.7 billion, making Comcast the full owner of the media giant.\nThe cable firm originally bought its 51% stake in NBC Universal in December 2009 for $6.5 billion in cash. Under the deal announced Tuesday, Comcast will also buy GE's remaining NBC Universal properties, including 30 Rockefeller Plaza and CNBC's headquarters in Englewood Cliffs, N.J. The transaction is expected to close by the end of the quarter. \n\"This is an exciting day for Comcast as we have agreed to accelerate the purchase of NBCUniversal,\" Comcast CEO Brian Roberts said in a statement. \"The management team at GE has been a wonderful partner during the past two years and their support has been very valuable. Our decision to acquire GE\u2019s ownership is driven by our sense of optimism for the future prospects of NBCUniversal and our desire to capture future value that we hope to create for our shareholders.\"\nAmong NBC Universal's holdings is a 32% stake in Hulu with the remaining shares held by Fox Broadcasting Company (31%), Disney-ABC Television Group (27%) and Providence Equity Partners (10%). Last year, Comcast also launched Xfinity Streampix, a Netflix and Hulu competitor. \nImage courtesy of Flickr, Mdcassano"^^<http://www.w3.org/2001/XMLSchema#string>
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