Comcast Tops $100B Market Value for First Time
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Comcast Corp., the largest U.S. cable company, saw its market value close above $100 billion for the first time, validating the bet it made on NBC Universal almost two years ago.
Since it bought a controlling stake in NBC on Jan. 29, 2011, Comcast’s stock has increased by more than two-thirds. The company has benefited from improving prime-time ratings among 18- to 49-year-olds at the broadcast network, which climbed from last place to first this season.