WASHINGTON, DC (WUSA) -- General Electric will turn out the lights in the television business for good.
Comcast is in the homestretch to finalize the purchase of GE's 49 percent stake in NBC Universal. The going price, a whopping $16.7 billion.
The cable conglomerate will also buy NBC's 30 Rockefeller Plaza headquarters for $1.4 billion.
Comcast has been a majority owner of NBC Universal since January 2011.