UPDATE 2-Comcast to form $4 bln investment arm with CFO at helm

March 31, 2015 9:23 PM

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March 31 (Reuters) - Comcast Corp Chief Financial Officer Michael Angelakis will leave his position to head a new investment arm with up to $4.1 billion to invest in growth-oriented companies, Comcast said on Tuesday.

The largest U.S. cable operator will shell out $4 billion and Angelakis will invest at least $40 million with the rest coming from senior members of a team he will appoint.

Also read: AT&T Mulls Reinvention for Web With $86 Billion Time Warner Deal

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