FILE PHOTO: The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as the GE building, in midtown Manhattan in New York July 1, 2015. REUTERS/Brendan McDermid/File Photo
November 13, 2020
(Reuters) – Comcast Corp <CMCSA.O> said on Friday its corporate venture capital firm, Comcast Ventures, will become a part of its strategic business development team at its cable segment.
“We are aligning our approach to venture investing more closely with our business units and repositioning Comcast Ventures and its fundunder the strategic business development team at Comcast Cable,” the company said in a statement.
The news, first reported by CNBC, comes more than two weeks after the media giant posted strong third-quarter revenue, benefiting from customer additions for broadband that offset weakness in its theme park and filmed entertainment businesses.
(Reporting by Akanksha Rana in Bengaluru; Editing by Arun Koyyur)