Comcast to form new, $4 billion investment company

March 31, 2015 4:46 PM

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Comcast to form new, $4 billion investment company

Michael Angelakis, the top Comcast Corp. executive who headed the negotiations for NBCUniversal and Time Warner Cable Inc., will leave his post to head a new Comcast-controlled company that will invest in growth-oriented companies.

The new company will be capitalized at $4.1 billion with Comcast as the only nonmanagement investor. The company will launch this year or in early 2016 with Angelakis investing $40 million of his money into the venture, according to a filing with the Securities and Exchange Commission.

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