NEW YORK ( TheStreet) -- Comcast (CMCSA) was a big gainer in premarket trading after the company reached a deal to buy the remaining 49% stake in NBCUniversal from General Electric (GE) for $16.7 billion.
The deal came earlier than observers were expecting. Comcast and GE formed the NBCUniversal joint venture in 2009.
Shares of the media giant rose 8.67% to $42.35 following the news. Comcast was also the most active premarket Nasdaq stock on share volume of 2,686,133. Shares of New York Stock Exchange-traded GE climbed 3.1% to $23.28.
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