General Electric Buoyant On NBCUniversal Sale - Hedge Fund Alpha (formerly ValueWalk Premium)
General Electric

General Electric Buoyant On NBCUniversal Sale

General Electric Company (NYSE:GE) shares were up more than 3 percent in trading today after the announcement that it would divested its stake in NBCUniversal. The bid for 49 percent of the company owned by GE came from Comcast Corporation (NASDAQ:CMCSA) and valued the stake at $17.6 billion. Analysts are happy with the deal, which was not expected until next year, and have already begun to speculate about all the opportunities General Electric might avail itself of with all of that new cash. A Bank of America Corp (NYSE:BAC) report on the sale points to some tempting possibilities for the...

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