Mergers and Acquisitions — The 10 Biggest Deals of 2013
These companies led the mergers and acquisitions charge in 2013
#4: Comcast (CMCSA) Buys NBCUniversal Media from General Electric (GE)
Transaction Value: $17 billion
The sitcom 30 Rock sure had a lot of fun with this drawn-out deal — and it sure took long enough — but General Electric (GE) finally sold its media company to Kabletown, er, Comcast (CMCSA).
The storied NBC network and other entertainment properties are probably a better fit for a cable company than a conglomerate that makes everything from toaster ovens to turbine engines. But it remains to be seen whether NBCU has finally found a good home.
One thing that’s not in doubt is what the deal has done for CMCSA stock price. Comcast stock is up a market-beating 36% for the year-to-date.
Article printed from InvestorPlace Media, http://investorplace.com/2013/12/mergers-and-acquisitions-biggest-deals-2013/.
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