US entrepreneurs from minority backgrounds to gain funding vehicle if cable company Comcast's merger with broadcaster NBC Universal goes ahead.
US-listed media group Comcast has committed at least $20m to a corporate venturing fund to invest in entrepreneurs from minority backgrounds.
The fund will be part of its existing corporate venturing group, Comcast Interactive Capital.
It is being set up in a bid to convince the US authorities to allow its proposed takeover of General Electric’s local broadcaster NBC Universal by the country’s biggest cable operator.
In a letter to Repulican congressman Bobby Rush, David Cohen, executive vice president at…