Comcast to Invest $4 Billion in New Firm With CFO Angelakis

March 31, 2015 2:33 PM

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(Bloomberg) -- Comcast Corp. is creating a new company with Chief Financial Officer Michael J. Angelakis that will focus on investments in growth businesses around the world.

The new firm will have capital commitments of as much as $4.1 billion, with $4 billion coming from Philadelphia-based Comcast. Angelakis, who joined the largest U.S. cable company in 2007, will invest at least $40 million personally, according to a statement today.

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