SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Tech, Media & Telecom: Comcast Buys Rest of NBCUniversal

The $16.7 billion deal gives Comcast the rest of GE’s stake in the company

Comcast Corp. (Nasdaq: CMCSA) will buy General Electric Co.’s (NYSE: GE) 49 percent stake in NBCUniversal for $16.7 billion.

The deal includes $1.4 billion for 30 Rockefeller Plaza and CNBC’s headquarters in Englewood Cliffs, N.J.

The transaction consists of $11.4 billion in cash on hand, $4 billion in subsidiary senior unsecured notes issued to GE, $2 billion in borrowings under bank credit facilities and $725 million of subsidiary preferred stock issued to GE. The deal was expected to happen in 2014.

Comcast acquired a 51 percent stake in NBC from GE in 2011.

Morgan Stanley was Comcast’s financial adviser, while Davis Polk & Wardwell LLP was legal counsel. 

In January, Comcast agreed to buy $150 million in Arris Group Inc. stock.

 

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