Comcast Corp's (CMCSA.O) NBCUniversal is in discussions to sell a controlling interest in its G4 cable channel to professional mixed martial arts promotion company Ultimate Fighting Championship (UFC), the Wall Street Journal reported citing sources. The paper said the talks between the two companies are in early stages and that UFC was also in discussions with other networks for a possible deal. Comcast and UFC were not immediately available for a comment.
Comcast Corporation (Comcast) is a provider of video, high-speed Internet and phone services (cable services) to residential and business customers in the United States. Shares of CMCSA traded higher by 0.42% or $0.1/share to $24.12. In the past year, the shares have traded as low as $16.76 and as high as $27.16. On average, 16216600 shares of CMCSA exchange hands on a given day and today's volume is recorded at 16415130.
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