Comcast Will Buy the Other 49-Percent of NBCUniversal for $16.7 Billion

Comcast will buy the 49-percent of NBCUniversal it doesn't already own from GE for 16.7 billion clams. That's right, Kabletown is bigger than ever now. Regulatory approval for Comcast's purchase of 51-percent of the company cleared last year—now the cable and media giant owns the whole shebang.

That means that Comcast now owns in their entirety the following: NBCUni's huge number of television properties, including Bravo, SyFy, The Weather Channel as well as Universal Pictures, and a 32-percent stake in Hulu. Hurray for consolidating media companies into massive conglomerates. [BusinessWire]