A faded, painted logo sits over the entrance to a General Electric Co. facility in Medford, Massachusetts July 17, 2009. REUTERS/Brian Snyder
GE says to sell remaining 49 percent stake in NBC to Comcast
Posted : Tuesday, 12 February 2013 04:44PM
BOSTON (Reuters) - General Electric Co said on Tuesday that it would sell the remainder of its stake in NBC Universal to Comcast Corp for $18.1 billion in cash, debt and stock.
The largest U.S. conglomerate said it had raised its authorized stock buyback to $35 billion and plans to buy back $10 billion worth of shares in 2013.
(Reporting By Scott Malone; Editing by Gary Hill)
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