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NBCUniversal will collect $3.03 billion in exchange for its minority stake in A+E Networks.
In a filing with the Securities Exchange Commission, NBCU parent company Comcast Corp. reported that it will sell its 15.8 percent position in A+E to joint-venture partners Walt Disney Co. and Hearst Corp.
The redemption price will be paid solely in cash although per Comcast’s 8-K filing, “certain limited circumstances” could arise in which payment would be made in cash and in the form of a $1.07
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