Comcast to form investment company with CFO at helm

March 31, 2015 1:17 PM

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Comcast to form investment company with CFO at helm

(Reuters) - Comcast Corp (CMCSA.O), the largest U.S. cable operator, will form a company to invest in growth-oriented companies both in the United States and international markets, and it said its finance chief would leave his post and head the new company.

The new company will have total capital commitments of up to $4.1 billion, of which $4 billion will be invested by Comcast and at least $40 million by Chief Financial Officer Michael Angelakis.

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