Jack Donaghy would be pleased

GE to sell rest of NBC stake to Comcast for $16.7 billion

General Electric Co said on Tuesday that it would sell the remainder of its stake in NBC Universal to Comcast Corp for $16.7 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.
Comment: Jack Donaghy / GE connection

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