General Electric will eventually reap more than $8bn from the spin-off of NBC Universal, giving Jeff Immelt, the conglomerate’s chief executive, his first opportunity in several years to rev up what was once one of corporate America’s most prolific deal-making machines.
Mr Immelt is unlikely to run short of ideas on how to spend the proceeds, created by on Thursday’s agreement to form an NBC Universal venture with Comcast and gradually wind down its remaining stake in the media business.
