Philadelphia-based media giant Comcast Corp., which this year took control of NBCUniversal, has combined two existing capital funds into a new entity called Comcast Ventures, which will manage about $750 million in investments.
The new fund, which unites former NBC parent General Electric Co.'s Peacock Equity Fund with Comcast Interactive Capital, intends to invest in "early to late-stage businesses that represent the next generation of entertainment, communications and digital technology," Comcast said.
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