Comcast Corp. said Thursday it would sell its stake in QVC to Liberty Media for about $7.9 billion. Details of the deal weren't disclosed, with Comcast saying that it would depend on a new stock
purchase agreement. The deal is also subject to regulatory review although it could close before the end of the year. Comcast President/CEO Brian L. Roberts said in a statement that it wanted to focus
on its cable business. "We took a very disciplined financial approach to our evaluation. The cable business continues to be our core focus. With the opportunity to sell at an attractive valuation in
excess of $14 billion, we have the flexibility to improve our already strong financial position and to invest for future growth," Roberts said.
